Asia-Europe rates continue to increase

11/6/2012 10:32:35 AM

ASIA-EUROPE spot rates continued to increase over two straight weeks, rising 13.4 per cent or by US$176 per TEU to $1,491 per TEU last week, according to the Shanghai Containerised Freight Index (SCFI). But rates were down 17.1 per cent or by $218 per TEU on the Asia-Mediterranean trade to $1,055 per TEU. Rates on transpacific trades were also under pressure. Asia-US west coast rates fell a further 2.8 per cent or $68 per FEU to $2,408 per FEU and Asia-US east coast rates dipped 1.4 per cent or $49 per FEU to $3,379 per FEU. The comprehensive SCFI rose 1.7 per cent from previous week to 1,251.2 points.   Asian Shipper News

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