Asia-Europe spot rate falls again
THE answer to the question whether the recent rate hikes on the Asia-Europe and Asia-Mediterranean will hold appears to have been answered as rates fell on both trades last week.
The negative trend continued on the Asia-US bound trades as west coast rates edged down 0.9 per cent to $2,104 per FEU and east coast rates dipped one per cent to $3,247 per FEU.
Across all trades covered by the Index the SCFI contracted 4.7 per cent for the week to 1,156.63 points.
Asian Shipper News