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Chinese New Year break sees container spot rates drop across major trades

19/02/2019

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 5.6 per cent to US$906 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade fell 4.4 per cent to $920 per TEU. Asia to US west coast suffered a significant eight per cent plunge to $1,834 per FEU while those to the east coast were off 2.8 per cent to $2,968 per FEU.

Source : shippingazette.com