News / More pain for Asia-Europe shippers as rate hikes and surcharges pile up

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Container spot rates on Asia to North Europe leapt 27% this week to breach $2,000 per teu, with carriers planning further FAK rate hikes for December.

The Shanghai Containerized Freight Index (SCFI) recorded an increase of $447 in its North Europe component, to $2,091 per teu, which is 170% higher than a year ago.

The SCFI rate to Mediterranean ports also saw a big spike, 23%, to $2,219 per teu, representing a 203% increase on 12 months ago.

And there is no sign ...