Asia-Europe rates soar 71pc to US$1,412/TEU as transpacific slips 0.8pc

2012 03 05

THE general rate increases slated for March 1 appear to have been a success as Asia-Europe spot rates soared 71 per cent to US$1,412 per TEU, up $586 from the week before, according to the Shanghai Containerised Freight Index (SCFI).

The latest rate hike follows an increase of $115 per TEU the week before last, bringing the increase to $701 in just two weeks, up 98.5 per cent from the rate quoted on February 17.

Rates from Asia to the Mediterranean saw a similar leap of 63 per cent to $1,416 per TEU.

Despite the sharp increases on the Europe and Mediterranean trades, rates to the US east and west coasts continued to creep down last week.

Asia-US east coast fell dipped by 0.2 per cent to $2,916 per FEU, while Asia-US west coast rates slipped 0.8 per cent to $1,759 per FEU.

Across all trades covered by the index the SCFI rose 19.1 per cent to 1163.96 points.

Source Shipping Gazette - Daily Shipping News

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


International business magazine JŪRA MOPE SEA
Minijos str. 93, LT-93234 Klaipeda, Lithuania
Phone/Fax: +370 46 365753



Ltd. Juru informacijos centras

The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

ISSN 1392-7825

2017 ©