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Asia-Europe rates up 5.7% to US$944/TEU, USWC slip 2% at $1,342/FEU


SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday increased by 5.7 per cent to US$944 per TEU.

Asia-Mediterranean rates ticked up 1.2 per cent to $1,096 per TEU after soaring by more than 40 per cent last week, according to the Shanghai Containerised Freight Index (SCFI).

Rates from Shanghai to US west coast were down 2 per cent to $1,342 per FEU while China-US east coast declined 2.4 per cent to $2,451 per FEU.

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