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Asia-Europe rates up 5pc to US$780/TEU, USWC soar 13.7pc to 1,471/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday was up five per cent to US$780 per TEU, while the Shanghai-Mediterranean run was up 4

Asia-Europe rates up 5pc to US$780/TEU, USWC soar 13.7pc to 1,471/FEU

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday was up five per cent to US$780 per TEU, while the Shanghai-Mediterranean run was up 4

02 June 2019 - 19:00

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday was up five per cent to US$780 per TEU, while the Shanghai-Mediterranean run was up 4.2 per cent to $740 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

The SCFI recorded a 13.7 per cent surge on the Shanghai-US west coast leg to $1,471 per FEU while China-US east coast rates remained flat at $2,541 per FEU 'due to Panama draught restrictions underpinning rates on the trade,' reports to London's The Loadstar.


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