Specializing in International Freight Forwarding, by way of ocean, air, rail and truck freight-RISINGSUN

A-E off 14pc to US$469/TEU, Asia-Med dropped 22pc to $488/TEU

Time：2016-02-01 Browse：155 Author：RISINGSUN

SPOT rates for shipping containers from Asia to Northern Europe fell 14 per cent to US$469 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).

The Asia-Med component of the SCFI fell 22pc to $488 per TEU, Reuters reported.

Rates were up by one per cent to $1,388 per FEU to ports on the US west coast and rose two per cent to $2,466 per FEU to ports on the US east coast.

Surplus capacity undermines the efforts from container lines to push rate increases. According to BIMCO, global container shipping fleet was up 8.1 per cent to 1.67 million TEU in 2015.

Average rates are at their lowest levels since 2009, and further decline in the first quarter of 2016 is estimated, reported Alphaliner.