Asia-Europe rates off 0.8pc to US$1,316/TEU, transpac suffers similar fate
ALL major trade lanes experienced rate declines in the last week of January with Asia-Europe dropping for a third week to US$1,316 per TEU on February 1, down 0.8 per cent or $10 per TEU from the previous week, according to the Shanghai Containerised Freight Index (SCFI).
SCFI Asia-Mediterranean rates also suffered, falling 1.2 per cent or $16 per TEU from previous week to $1,285 per TEU on February 1.
Transpacific trades encountered a downturn on both US east and west coasts trades. SCFI Asia-US west coast rates fell 0.9 per cent or $22 per FEU to $2,475 per FEU on February 1, while Asia-US east coast rates also shrank 0.7 per cent or $27 per FEU to $3,630 per FEU.
The comprehensive SCFI was down 0.7 per cent or 8.45 points to 1,219.39. This implies that global demand has been soft after the start of 2013.
ALL major trade lanes experienced rate declines in the last week of January with Asia-Europe dropping for a third week to US$1,316 per TEU on February 1, down 0.8 per cent or $10 per TEU from the previous week, according to the Shanghai Containerised Freight Index (SCFI).
SCFI Asia-Mediterranean rates also suffered, falling 1.2 per cent or $16 per TEU from previous week to $1,285 per TEU on February 1.
Transpacific trades encountered a downturn on both US east and west coasts trades. SCFI Asia-US west coast rates fell 0.9 per cent or $22 per FEU to $2,475 per FEU on February 1, while Asia-US east coast rates also shrank 0.7 per cent or $27 per FEU to $3,630 per FEU.
The comprehensive SCFI was down 0.7 per cent or 8.45 points to 1,219.39. This implies that global demand has been soft after the start of 2013.