Asia-Europe Rates to drop below US$1,000 per TEU

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.
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Source: Shippidedia