Asia-Europe spot rate falls again
27/03/2013
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.
According to the latest Shanghai Containerised Freight Index (SCFI) Asia-Europe rates plummeted 11.9 per cent week to week to US$1,254 per TEU, while Asia-Mediterranean rates dropped 11.1 per cent to $1,214 per TEU.
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
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
