Asia-Europe rates to drop below US$1,000 per TEU, lowest since 2009

FREIGHT rates between Shanghai and North Europe have continued to fall 5.3 per cent to US$1,019 per TEU as of March 18 from $1,076 the previous week, and rates from Shanghai to Mediterranean ports decreased 3.9 per cent to $1,001 from $1,042, according to the China Containerised Freight Index (CCFI) report.
[Read More]
Source: Sea News