Asia-Europe rates fall 4.9pc as Shanghai index plummets to US$754/TEU Sunday, 25.Sep.2011, 22:09 (GMT+3)
SPOT rates on all major trade lanes fell again last week as Asia-Europe
freight rates slumped even further to just US$754 per TEU, just under
five per cent week down from the previous week, according to the latest
data from the Shanghai Containerised Freight Index (SCFI).
Asia-Mediterranean rates saw the biggest weekly decline of 6.3 per cent, falling $69 in just one week to $1,027 per TEU.
Across the Atlantic and the situation was not much better with freight
rates from Asia to the US west coast falling 2.7 per cent to $1,589 per
FEU and US east coast rates down 2.6 per cent to $3,124 per FEU.
The SCFI fell 2.8 per cent to 991.34 points, the lowest the index has fallen since it hit 989.17 points on March 18 this year.
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