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MARKETS


Rates increase between 1.7pc and 7.2pc ahead of Chinese New Year shutdown

Rates increase between 1.7pc and 7.2pc ahead of Chinese New Year shutdown

SHIPPING lines on the major trade lanes last week enjoyed rising rates that showed through in the Shanghai Containerised Freight Index's (SCFI) 975.31 points, up 2.9 per cent from the previous week.
Monday, 09.Jan.2012, 01:12 (GMT+3)

lines on the major trade lanes last week enjoyed rising rates that showed through in the Shanghai Containerised Freight Index's (SCFI) 975.31 points, up 2.9 per cent from the previous week.

Asia-Europe rates rose 4.1 per cent to their highest level since late September at US$730 per TEU. Asia-Mediterranean rates increased 5.6 per cent to $754 per TEU.

On the transpacific trade Asia-US west coast rates saw the biggest upswing, rising 7.2 per cent or $121 from the previous week to $1,813 per FEU. Rates to the US east coast rose 1.7 per cent to $2,952 per FEU.

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Other Articles:
Shanghai rate index rises sharply on all major routes as 2011 ends (Wednesday,04.01.2012)
Germany's exports hit by Eurozone crisis and shrinking global demand (Monday,12.12.2011)
Singapore analyst sees reason for transpacific rate rebound in January (Sunday,11.12.2011)
Mega vessels hold key to survival as rates sink, says MSC vice-president (Sunday,11.12.2011)
Shanghai index continues to fall, Asia-Europe rate slips below US$500/TEU (Sunday,11.12.2011)
Quarterly G7 trade growth slows following more robust second quarter (Sunday,04.12.2011)
Asia-Europe freight rates decline 5.4pc to US$511/ TEU (Sunday,27.11.2011)
Poor markets hit HK's shippers (Monday,31.10.2011)
Asia-Europe rates fall 4.3 pc but Asia-US west coast rates buck trend (Monday,31.10.2011)
Asia-Europe rates below $700/TEU as SCFI falls 2.7pc after Golden Week (Sunday,16.10.2011)





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