Asia-Europe rates dip 1.1pc to US$1,301/TEU ahead of Lunar New Year
HEADING into the Chinese New Year rates on the Asia-Europe trade dipped 1.1 per cent to US$1,301 per TEU, according to the latest Shanghai Containerised Freight Index (SCFI).
Asia-Mediterranean rates dropped 2.1 per cent week to week to $1,258 per TEU.
Rates on the US bound trades from Asia also dipped, sliding 1.2 per cent to the west coast to $2,445 per FEU and 0.6 per cent to $3,606 per FEU to the east coast.
The SCFI contracted 0.9 per cent to 1,208.37 points.