ASIA-EUROPE freight rates have once again risen after a brief hiatus over the past two weeks, as spot rates on the trade last week increased 21 per cent to US$1,660 per TEU, according to the latest data from the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean rates were also up 19.8 per cent to $1,649 per TEU for the week, an increase of $273 per TEU.

Spot rates to the US west coast rose a marginal 0.5 per cent to $2,031 per FEU, while Asia-US east coast rates remained flat at $3,206 per FEU.

Across all trades covered by the index the SCFI rose 9.5 per cent to 1,347.50 points.