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Asia-Europe rate drops 5pc to US$704/TEU, down 7pc to USWC


SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday slid five per cent to US$704 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade declined 2.3 per cent to $650 per TEU. Asia to the US west coast dropped seven per cent week-over-week to $945 per FEU while those to the east coast down 3.8 per cent to $1,933 per FEU.

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