News / Asia-Europe rates plunge again – just as carriers announce March price rises

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Freight rates on the “lunatic” Asia-Europe trade have once more hit a period of steep decline with the Shanghai Container Freight Index today posting its steepest weekly loss since its inception.

The Shanghai-North Europe rate today stood at $1,379 per teu, down $188 from last week’s level of $1,567 per teu and representing a decline of 12% in just seven days. That said, the present rate is still a long way from the sub-$500 per teu depths that was seen at ...