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Asia-Europe rate flat at US$810/TEU, USWC off 7.2pc to $1,474/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday were flat at US$810 per TEU, while the Shanghai-Mediterranean rates soared 14

Asia-Europe rate flat at US$810/TEU, USWC off 7.2pc to $1,474/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday were flat at US$810 per TEU, while the Shanghai-Mediterranean rates soared 14

11 August 2019 - 19:00

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday were flat at US$810 per TEU, while the Shanghai-Mediterranean rates soared 14.6 per cent to $974 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI fell 7.2 per cent on the Shanghai-US west coast leg to $1,474 per FEU while China-US east coast rates fell 5.2 per cent remained unchanged at $2,660 per FEU.


WORLD SHIPPING

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