Asia-Europe rate surges 12.5pc to US$1,046/TEU, rises 9.1pc to Med ports


SPOT rates for shipping containers from Asia to northern Europe shot up 12.5 per cent from US$930 per TEU to $1,046 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade also rose 9.1 per cent from $865 per TEU to $944 per TEU, American Shipper reported. Asia to the US west coast fell 5.1 per cent week-over-week to $1,382 per FEU while those to the east coast slipped 3.1 per cent to $2,340 per FEU from $2,414 per FEU at the end of the previous week.

Source: Schednet 

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