Rate hikes return, Asia-Med US$1,356/TEU, Asia-Europe $1,418/TEU

1/14/2013 10:07:49 AM

IT was a good start to the New Year for shipping lines on the Asia-Europe and Asia-Mediterranean trades with rates increasing for a second straight week, according to the latest Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean rates saw the strongest surge, rising 17.1 per cent to US$1,356 per TEU, while Asia-Europe rates also posted a strong increase of 11.7 per cent to $1,418 per TEU. Since the final week of 2012 rates to the Mediterranean have increased $252 per TEU and by $200 per TEU to Europe. Rates were also up on the US-bound trades with Asia-US west coast rates up 5.4 per cent to $2,341 per FEU and east coast rates up five per cent to $3,525 per FEU. Across all trades covered by the index the SCFI gained 7.3 per cent week to week to reach 1,232.35 points.   Asian Shipper News

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