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Indiaexportnews.com

Asia-Europe spot rates plunge 10.7pc

  20.08.2014    

Spot rates for Asia to Northern Europe fell 10.7 per cent to US$1,198 per TEU last week according to Shanghai Containerised Freight Index, Reuters reported.
It was the second consecutive week of falling freight rates on the world's busiest route. Container freight rates have so far increased in 10 weeks this year but fallen in 23.
Average rates for 2014 are $1,278 per TEU compared with $1,090 last year. The comprehensive index fell two per cent to $1,172 per TEU, said the report.



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