20-02-2017

Asia-Europe rate falls 6pc to US$858/TEU, off 3.7pc to Med ports

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SPOT rates for shipping containers from Asia to northern Europe fell six per cent to US$858 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade dropped 3.7 per cent to $844 per TEU, American Shipper reported. Asia to the US west coast slipped 9.8 per cent week-over-week to $1,771 per FEU while those to the east coast off seven per cent to $3,214 per FEU.

Source: Schednet

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