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Asia-Europe rate up 2.8% to US$743/TEU - USWC off at $1,294/FEU

28/05/2019

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday was up 2.8 per cent to US$743 per TEU, while the Shanghai-Mediterranean run was up two per cent to $710 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI recorded a 3.4 per cent on the Shanghai-US west coast leg to $1,294 per FEU while the Shanghai-US east coast run saw rates drop 2.2 per cent to $2,450 per FEU.

China-US east coast rates at $2,776 per FEU, which is 16 per cent higher than the beginning of April, which it said was "largely due to ongoing Panama Canal capacity reduction".

Source : shippingazette.com