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Asia-Europe rates dip 4.5pc to US$757/TEU, USWC soars 25.6pc to $1,615/FEU

03/09/2019

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday fell a further 4.5 per cent to US$757 per TEU, while the Shanghai-Mediterranean rates dipped 7.6 per cent to $895 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI recorded a massive 25.6 per cent leap on the Shanghai-US west coast leg to $1,615 per FEU while China-US east coast also saw an impressive 10.5 per cent hike to $2,691 per FEU, reports UK's The Loadstar.

Source : shippingazette.com