A-E rate down 10.1pc US$231/TEU, Asia-Med off 11.3pc
SPOT rates for shipping containers from Asia to Northern Europe fell 10.1 per cent to US$231 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).
It was the eighth consecutive week of declines on the world's busiest trade lane, according to Reuters.
The Asia-Med component of the SCFI fell 11.3 per cent to US$236 per TEU.
Shanghai to the US west coast declined 12 per cent to $884 per FEU as rates to the US east coast fell nine per cent to $1,805 per FEU.