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Asia-Europe rates up 7pc to US$806/TEU, USWC surge 11pc to $1,589/FEU


SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday increased 6.9 per cent to US$806 per TEU, while the Shanghai-Mediterranean rates soared 18.4 per cent to $850 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI recorded a 10.9 per cent hike on the Shanghai-US west coast leg to $1,589 per FEU while China-US east coast rates remained unchanged at $2,801 per FEU.

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