News / Container shipping rates fall to another all-time low on Asia-Europe

© Khunaspix Dreamstime.

What goes down often stays down and this appears to be the stark reality for beleaguered Asia-Europe container lines after another dismal week of plummeting spot rates with little to suggest a recovery anytime soon.

The all-important Shanghai Containerized Freight Index (SCFI) shed another $102 per teu from Asia to North Europe this week with the index for Mediterranean destinations declining by a further $115 per teu.

It leaves the SCFI at $342 per teu for North European ports and $466 per ...