Asia-Europe container rates surge past $1,000/teu as lines carry on ‘playing hardball’

//Asia-Europe container rates surge past $1,000/teu as lines carry on ‘playing hardball’

Asia-Europe container rates surge past $1,000/teu as lines carry on ‘playing hardball’

By | 2016-12-09T16:58:02+00:00 December 9th, 2016|feed news|Comments Off on Asia-Europe container rates surge past $1,000/teu as lines carry on ‘playing hardball’

Container spot rates from Asia to North Europe gained more traction this week, surging past the $1,000 per teu watershed to a level only briefly seen on the route once prior to the peak season.
The Shanghai Containerized Freight Index (SCFI) recorded a 12.5% increase in spot rates to North Europe to $1,046 per teu, following a 20% jump the week before, marking a significant recovery from the SCFI’s 17 March all-time …

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