News / Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline

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Container shipping lines are looking for a hike in Asia-Europe spot freight rates, announcing a series of new prices from 1 May to ports in North Europe and west and east Mediterranean.

It follows a week in which spot rates on the Asia-North Europe and Asia-Mediterranean destinations resumed their gentle downward slide, according to the weekly price indices produced by Drewy and Xeneta.

The Shanghai-Rotterdam leg of Drewry’s World Container Index (WCI) recorded a spot rate of $2,989 per 40ft, down 2% ...