13-06-2016

A-E rate falls 14pc to US$657/TEU, off 11pc to Med ports, falls 5pc USWC

ANE

SPOT rates for shipping containers from Asia to Northern Europe dropped 14 per cent to US$657 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI), IHS Media reported. 

The Asia-Med component of the SCFI declined 11 per cent to US$788 per TEU. 

Shanghai to the US west coast down five per cent to $811 per FEU as rates to the US east coast off two per cent to $1,649 per FEU. 

Source: Schednet

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