Asia-Med ocean rates fall, but Asia-Europe still rising
Ups and downs on rates from Shanghai to US too
The latest data from the Shanghai Containerised Freight Index (SCFI) has revealed that rates from Shanghai to the Mediterranean fell last week.
SCFI figures reveal that all-in rates, which include surcharges but not terminal handling fees, on Asia to Mediterranean services dropped from US$2,067 per teu to $2,035 per teu last week.
Meanwhile, rates on services from Asia to Europe climbed by $14 to reach $2,164 per teu at the end of last week, following a $68 increase the previous week.
Of the other main trades coming out Shanghai, rates on services to the US west coast increased by $3 per feu to reach $2,142 and rates on east coast services dropped by $24 to reach $3,150 per feu.
Services to Australia and New Zealand dropped $35 to reach $1,545 per teu and services to the Arabian Gulf and Red Sea slid $7 to $713 per teu.
The SCFI’s index for all services out of Shanghai dropped 4.68 points to reach 1,402.87.
SCFI figures reveal that all-in rates, which include surcharges but not terminal handling fees, on Asia to Mediterranean services dropped from US$2,067 per teu to $2,035 per teu last week.
Meanwhile, rates on services from Asia to Europe climbed by $14 to reach $2,164 per teu at the end of last week, following a $68 increase the previous week.
Of the other main trades coming out Shanghai, rates on services to the US west coast increased by $3 per feu to reach $2,142 and rates on east coast services dropped by $24 to reach $3,150 per feu.
Services to Australia and New Zealand dropped $35 to reach $1,545 per teu and services to the Arabian Gulf and Red Sea slid $7 to $713 per teu.
The SCFI’s index for all services out of Shanghai dropped 4.68 points to reach 1,402.87.
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