Asia-Europe rate drops 0.9pc to US$970/TEU, surges 11.6pc to USWC

  Jan.21--SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 0.9 per cent to US$970 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

  The rates on the Asia-Mediterranean trade were virtually flat at $978 per TEU, London's Loadstar reported.

  Asia to US west coast surged 11.6 per cent to $2,114 per FEU while those to the east coast increased 4.8 per cent to $3,187 per FEU.

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