A-E off 24.4pc to US$932/TEU, Asia-Med down 18.7pc to $1,022/TEU
SPOT rates for shipping containers from Asia to Northern Europe fell 24.4 per cent to US$932 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI), Reuters reported.
End of year 2015 spot rates from Asia to the US west coast and US east coast were around $815 and $1,520 per FEU - the lowest since 2009.
The Asia-Med component of the SCFI shed $235, to take the spot rate back down to $1,022; but for North European destinations, spot rates collapsed to $932 per TEU, plunging a massive $300 on the week.