Asia-Europe rate drops 4.4pc to US$791/TEU, off 8.7pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday slid 4.4 per cent to US$791 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade declined 2.8 per cent to $701 per TEU, London's Loadstar reported.

Asia to the US west coast dropped 8.7 per cent week over week to $1,143 per FEU while those to the east coast were down 8.2 per cent to $2,181 per FEU.

Source: Schednet

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