Asia-Europe rate drops 4.9pc to US$876/TEU, off 9.3pc to USWC


SPOT rates for shipping containers from Asia to northern Europe dropped 4.9 per cent to US$876 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI). 

Asia-Mediterranean trade slipped 3.2 per cent to $854 per TEU, American Shipper reported. Asia to the US west coast declined 9.3 per cent week-over-week to $1,496 per FEU while those to the east coast off 3.3 per cent to $2,955 per FEU.

Source: Schednet 

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