USWC rates up 1.5pc to US$2,021/FEU; east coast up 2.7pc to $3,204/FEU
2012 03 26
- Details
SPOT rates from Shanghai to the US west coast rose 1.5 per cent to US$2,021 per FEU last week and east coast rates were up 2.7 per cent to $3,204 per FEU, according to the latest Shanghai Containerised Freight Index (SCFI).
The latest hike on the US-bound trade from Shanghai marks the second straight week of increases on the trade lane.
Asia-Europe and Asia-Mediterranean rates held steady at $1,371 per TEU and $1,376 per TEU, respectively, after a series of dramatic rises earlier in the month.
Across all trades covered by the index the SCFI rose 0.6 per cent to 1,230.18 points.
Source Shipping Gazette - Daily Shipping News
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