Asia-Europe spot rates bounce back, up 21.9pc to US$1,888 per TEU

Time:2012-07-02 Browse:55 Author:RISINGSUN
ASIA-EUROPE spot rates soared 21.9 per cent last week to US$1,888 per TEU, according to the latest Shanghai Containerised Freight Index (SCFI).


Last week`s increase marks the highest point rates have reached on the trade this year. The hike is also the first on the Asia-Europe trade since early May.


Meanwhile, Asia-Mediterranean spot rates were also up last week, rising 12.3 per cent to $1,892 per TEU.


The news was not so positive on the Asia-US trades. Spot rates to the US west coast fell four per cent last week to $2,571 per FEU, while east coast rates dipped 1.4 per cent to $3,752 per FEU.

 
Across all trades covered by the index, the SCFI rose 2.5 per cent to 1,460.52 points.