Asia-Europe rates level after big leap, then dip 1.7pc to US$1,388/TEU

2012 03 12


ASIA-EUROPE spot rates saw the biggest decline of all the major trades last week, slipping 1.7 per cent to US$1,388 per TEU, as rates remained essentially flat for the week.

On the Asia-Mediterranean trade rates were down 0.35 per cent, or $19, to $1,397 per TEU.

Rates from Asia to the United States also saw a marginal dip with east coast rates down just $2 per FEU to $2,914 and west coast rates were down $6 down to $1,753 per FEU.

All trades covered by the index the SCFI rose 0.6 per cent to 1,170.57 points.

Source Shipping Gazette - Daily Shipping News
 

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