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Asia-Europe rate declines 4pc to US$735/TEU, off 0.5pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined four per cent to US$735 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade dropped 4.6 per cent to $767 per TEU, London's Loadstar reported.

Asia to the US west coast dipped 0.5 per cent to $2,332 per FEU while those to the east coast were off 5.2 per cent to $3,319 per FEU.

Source: Schednet

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