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    Asia-Europe rate declines 4pc to US$735/TEU, off 0.5pc to USWC

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    Asia-Europe rate declines 4pc to US$735/TEU, off 0.5pc to USWC
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    SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined four per cent to US$735 per TEU, according to the Shanghai Containerised Freight Index (SCFI)

    SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined four per cent to US$735 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade dropped 4.6 per cent to $767 per TEU, London's Loadstar reported.

    Asia to the US west coast dipped 0.5 per cent to $2,332 per FEU while those to the east coast were off 5.2 per cent to $3,319 per FEU.

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