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A-E rate down 10.1pc US$231/TEU, Asia-Med off 11.3pc

Time：2016-03-07 Browse：128 Author：RISINGSUN

SPOT rates for shipping containers from Asia to Northern Europe fell 10.1 per cent to US$231 per TEU in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).

It was the eighth consecutive week of declines on the world`s busiest trade lane, according to Reuters.

The Asia-Med component of the SCFI fell 11.3 per cent to US$236 per TEU.

Shanghai to the US west coast declined 12 per cent to $884 per FEU as rates to the US east coast fell nine per cent to $1,805 per FEU.