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Asia-Europe off 1.7pc to US$676/TEU, USWC up 0.4pc to $1,659/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined by a further 1

Asia-Europe off 1.7pc to US$676/TEU, USWC up 0.4pc to $1,659/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined by a further 1

15 July 2019 - 19:00

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined by a further 1.7 per cent to US$676 per TEU, while the Shanghai-Mediterranean rate fell 1.1 per cent to $697 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI posted a 0.4 per cent increase in spot rates from Asia to the US west coast to $1,659 per FEU, while for east coast ports, rates increased 3.6 per cent to $2,864 per FEU.


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