Asia-Europe rates fell 5.6pc last week to US$1,085/TEU, transpacific off 3.2pc
SPOT rates from the Shanghai Containerised Freight Index for container shipping from Asia to Northern Europe fell 5.6 per cent last week to US$1,085 per TEU, Reuters reports, having dropped 28 per cent year on year.
From Asia to Mediterranean ports, rates fell 4.8 per cent and to the US west coast they fell 3.2 per cent while Asia to US east coast rates dropped 0.9 per cent.