Asia-Europe rate drops 9.7pc to US$827/TEU, off 11.3pc to USWC


  Mar.5--SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 9.7 per cent to US$827 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

  Asia-Mediterranean trade declined 9.5 per cent to $721 per TEU, London's Loadstar reported.

  Asia to the US west coast plunged 11.3 per cent week-over-week to $1,252 per FEU while those to the east coast down 12.3 per cent to $2,375 per FEU.



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