SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 5.6 per cent to US$906 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade fell 4.4 per cent to $920 per TEU. Asia to US west coast suffered a significant eight per cent plunge to $1,834 per FEU while those to the east coast were off 2.8 per cent to $2,968 per FEU.

WORLD SHIPPING