Asia/Europe: Container freight rates down by 3.1% on average

17.07.2017

Asia/Europe: Container freight rates down by 3.1% on average
Børsen, 17 Jul 2017, online:-
Figures from the Shanghai Shipping Exchange show that the container freight rates from Asia to Europe have decreased by 3.1% on average over the past week. This means that the freight rates now sit at USD 939, which stems from general global developments at major trade route sworld wide. The decrease is similar to the development of the SCFI index, which measures freight prices between Shanghai and 15 global destinations. The index also serves as a rate indicator for container shipping companies such as Maersk Line, MSC and CMA CGM. The SCFI index fell by 3.1% to USD 861.91, but remains above the average so far in 2017, which sits at USD 861.40.
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