Asia-Europe spot rate falls again

3/26/2013 10:15:45 AM

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

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Spot rates fall on major East-West routes (3/4/2013 10:36:40 AM)

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Maersk to hike Asia-Europe dry, reefer rate (3/26/2013 10:15:11 AM) Singapore's APL switches 2 WAX vessels with bigger 9,200-TEU ships (3/26/2013 10:13:15 AM) OOCL to Raise Westbound Asia-Europe Rates (3/26/2013 10:12:35 AM) First container ship calls at Kollam port (3/25/2013 10:03:50 AM) Singapore's MCC Transport extends intra-Asia (IA2) loop to Indonesia (3/23/2013 10:02:04 AM) Hanjin Shipping upgrades on FE-USWC PSX service to 10,000-TEU class (3/23/2013 10:01:25 AM) Evergreen, Cosco up capacity 8,000-9,000 TEU on east coast South America (3/23/2013 10:00:58 AM) Maersk, MSC announce GRIs (3/23/2013 10:00:24 AM) COSCO sets rate hike for cargo moving from Asia to Europe (3/22/2013 11:00:40 AM) Maersk to launch first 18,000-TEUer mid-2014 on Asia-Europe route (3/21/2013 9:39:53 AM)

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