Asia-Europe rate falls 2.7pc to US$714/TEU, off 4.7pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday fell 4.6 per cent to US$714 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade dropped 2.9 per cent to $692 per TEU, American Shipper reported.

Asia to the US west coast slipped 4.7 per cent week over week to $1,414 per FEU while those to the east coast down 5.4 per cent to $1,991 per FEU.

Source: Schednet

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