ShippingWatch

SCFI down almost 10 percent last week

The short-term nature of the success of the rate increase implementation on the routes between Asia and Europe, which are extremely important to several of the major container carriers - including A.P. Moeller-Maersk's Maersk Line, was highlighted again by the week that ended on Friday.

Photo: Maersk Line

The short-term nature of the success of the rate increase implementation on the routes between Asia and Europe, which are extremely important to several of the major container carriers - including A.P. Moeller-Maersk's Maersk Line, was highlighted again by the week that ended on Friday.

The spot rate for shipping a twenty-foot container, teu, went down by USD 114, or 9,1 percent, putting the current price at USD 1140 per teu on the Asia-Europe routes, according to the most recent update of the SCFI rate index from the Shanghai Shipping Exchange.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Daewoo Shipbuilding makes deal with conglomerate on conditional sale

Shipbuilding group DSME has signed a memorandum of understanding with conglomerate Hanwha Group about a sale of Korea Development Bank’s 50-percent equity position, according to a news agency. The state-owned bank has previously stated that the yard ought to be sold quickly. Updated.

Related articles

Latest news

See all jobs