ASIA-Europe rates fell below US$500 last week to $490 per TEU, down two per cent from the previous week, according to the latest Shanghai Containerised Freight Index (SCFI).
ASIA-Europe rates fell below US$500 last week to $490 per TEU, down two per cent from the previous week, according to the latest Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean rates continued their recent downward surge, dropping 5.6 per cent week to week to $652 per TEU. The latest weekly decline on the trade represents a 19.1 per cent plunge from just four weeks ago. On both the Asia-US west and east coast trades rates were down a relatively modest 0.5 per cent to $1,419 per FEU and $2,524 per FEU, respectively. The SCFI declined again last week by 1.5 per cent to 855.54 points.
