Asia-Europe rates drop 6pc to US$1,818/TEU, China-USWC rate slips 0.8pc
2012 05 14
- Details
ASIA-Europe spot rates fell six per cent last week to US$1,818 per TEU as all major trade lanes saw rates decline, according to the latest Shanghai Containerised Freight Index (SCFI).
The decline marks the biggest week-to-week contraction in rates on the trade since November 11 when they fell 6.5 per cent. The key difference is that rates were then just $573 per TEU. Now they are just shy of $2,000.
The second largest fall for the week came on the Asia-Mediterranean trade as spot rates dropped 4.9 per cent to $1,934 per TEU.
After rate hikes on the US trades last week, they slipped again last week. Asia-US west coast rates were down 0.8 per cent to $2,393 per FEU and down 1.1 per cent to $3,541 per FEU on the Asia-US east coast run.
Across all trades the index contracted 2.4 per cent to 1,464.82 points.
Shipping Gazette - Daily Shipping News
.jpg)
The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
The first magazine in Eurasia in the four languages: English, Chinese, Russian and Lithuanian
|
|