Asia-Europe spot rates falls 12.5pc to US$349/TEU - USWC off 1.6pc to $1,596/FEU
SPOT rates from Asia to North Europe rates fell a further 12.5 per cent last week to US$349 per TEU - a drop of 70 per cent year on year, according to the Shanghai Containerised Freight Index (SCFI).
On the Asia-Med trade, spot rates fell 12 per cent to $476 per TEU, $64 lower than the previous week and $787 per TEU lower year on year.
SCFI Asia-US west coast rates fell 1.6 per cent to $1,596 per FEU, while to the US east coast the rate was $3,644 per FEU, down 1.5 per cent.