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Asia-Europe rates soar 270pc to US$1,109/TEU, Asia-Med up 178pc

Time：2015-08-03 Browse：151 Author：RISINGSUN

SPOT rates for shipping from containers from Asia to northern Europe soared 270 per cent to US$1,109 per TEU in the week ended last Friday, reports IHS Maritime News.

The Shanghai Containerised Freight Index (SCFI) rates jumped 178 per cent from Asia to ports in the Mediterranean to $1,119 per TEU, the highest rate since February but still down 24 per cent year on year.

More than 50 voyages, or 10 per cent of all Asia-north Europe sailings, were cancelled during the first six months of this year, the highest rate of sailing cancellations ever recorded on the trade, according to Alphaliner.