Asia-USWC spot rates up 12.5pc
11.06.2012
Spot rates from Asia to the US west coast soared 12.5 per cent last week to US$2,658 per FEU, while rates to the US east coast rose 8.6 per cent to $3,774 per FEU, according to the latest Shanghai Containerised Freight Index (SCFI).
Last week's increase represents roughly half of the Transpacific Stabilization Agreement's proposed $600 per FEU peak season surcharge, slated to commence June 10.
The news was not as good on the Europe and Mediterranean-bound trades as rates there continued to soften.
Asia-Europe rates last week slid a further 1.9 per cent to $1,634 per TEU, while Asia-Mediterranean rates contracted 1.6 per cent to $1,783 per TEU.
Across all trades covered by the index the SCFI rose two per cent to 1,414.72 points.
Last week's increase represents roughly half of the Transpacific Stabilization Agreement's proposed $600 per FEU peak season surcharge, slated to commence June 10.
The news was not as good on the Europe and Mediterranean-bound trades as rates there continued to soften.
Asia-Europe rates last week slid a further 1.9 per cent to $1,634 per TEU, while Asia-Mediterranean rates contracted 1.6 per cent to $1,783 per TEU.
Across all trades covered by the index the SCFI rose two per cent to 1,414.72 points.
