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Asia-Europe rate declines 6.7pc to US$766/TEU, off 0.3pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined 6.7 per cent to US$766 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade dropped 5.6 per cent to $804 per TEU, London's Loadstar reported.

Asia to the US west coast dipped 0.3 per cent to $2,343 per FEU while those to the east coast were off 0.3 per cent to $3,502 per FEU.

Source: Schendet

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