Asia-Europe container freight spot rates hit new highs
Posted on 1st December 2020 at 10:05
Asia-Europe container freight spot rates hit new highs
Container spot freight rates from Asia to northern Europe have broken the $2,000 per teu level for the first time in a decade after rising by more than a quarter this week.
The Shanghai Containerised Freight Index reported rates of $2,091 per teu on the Asia-northern Europe trade. The last time rates were this high was during the “dead cat bounce” that followed the global financial crisis, when rates topped £2,100 per teu in May 2010.
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Tagged as: Asia - Europe Freight, China Exports, China Imports, Containers, Exports, Freight, Freight Forwarding, Freight Rates, Imports, Logistics, Shipping, Supply Chain
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