Asia-Europe rate drops 0.7pc to US$870/TEU, off 6pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 0.7 per cent to US$870 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade inched up one per cent to $904 per TEU, London's Loadstar reported.

Asia to the US west coast fell six per cent to $1,358 per FEU while those to the east coast were down 4.4 per cent to $2,354 per FEU.

Source: Schednet

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