Asia-Europe rate drops 4.7pc to US$819/TEU, off 6pc to USWC


SPOT rates for shipping containers from Asia to northern Europe dropped 4.7 per cent to US$819 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade slipped 4.3 per cent to $802 per TEU, American Shipper reported.

Asia to the US west coast declined six per cent week over week to $1,338 per FEU while those to the east coast also fell six per cent to $2,721 per FEU, according to IHS Media's Market Data Hub.

Source: Schednet 

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