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Asia-Europe rate declines 5.3pc to US$714/TEU, off 6pc to USWC


SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined 5.3 per cent to US$714 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade fell 3.6 per cent to $748 per TEU, London's Loadstar reported.

Asia to US west coast decreased six per cent to $1,345 per FEU while those to the east coast off 4.9 per cent to $2,357 per FEU.