East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
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By Mike Wackett
There was a slight uptick in spot rates between Asia and Europe and a marginal decline in rates on the transpacific, according to Friday’s Shanghai Containerised Freight Index (SCFI).
The Asia-North Europe component of the SCFI was up by 3.6% on the week before, to $866 per teu, and for Mediterranean ports, there was an increase of 1.2% to $827 per teu.
This compares with a SCFI reading of 12 months ago which recorded a plunge in spot rates to $271 and $409 per teu ...
Comment on this article
Malcolm
April 18, 2017 at 3:47 pmInteresting article, are there data sources that allow you to write similar headlines on air cargo spot rates?
Alex Lennane
April 18, 2017 at 4:02 pmSadly, there isn’t a directly comparable index. The TAC Index, which runs along the top of the “Air” page on The Loadstar is up-to-date, and modelled on the SCFI, but is subscription only, Drewry has its Air and Sea Shipper Index – but that is monthly. I imagine that some of the new online booking platforms will make their data available soon enough.