Asia-Europe rates rise 22.4pc to US$1,315/TEU after three-month slump

Time:2012-10-29 Browse:118 Author:RISINGSUN
ASIA-Europe spot rates rose for the first time in just under three months last week by 22.4 per cent to US$1,315 per TEU, according to the Shanghai Containerised Freight Index.


The increase in the average spot rate on the trade for the week was $241, making it the largest increase in a single week on the trade since June 29, when rates rose by over $300.

 
Rates were also up on the Asia-Mediterranean trade by 18.3 per cent to $1,273 per TEU.

 
It was a different story on the US-bound trades from Asia, however, as Asia-US west coast rates edged down a further 1.4 per cent to $2,476 per FEU and east coast rates remained essentially flat, dipping 0.8 per cent to $3,428 per FEU.


Across all trades covered by the index the SCFI rose 4.7 per cent to 1,230.40 points.