Spot rates for shipping containers from Asia to northern Europe in the week ending Friday was down 5.9 per cent to US$723 per TEU, off 27 per cent since the start of the year, according to the Shanghai Containerised Freight Index (SCFI).
Asia-Mediterranean rates fell 4.1 per cent to $696 per TEU, down 30 per cent since January 1.
Transpacific rates were down 7.1 per cent to $1,340 per FEU for Asia to US west coast, and off $4.2 per cent on the week, to $2,597 to the US east coast.
Source:HKSG GROUP
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