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SCFI spot rates up

Shanghai Containerised Freight Index From Asia to Northern Europe, Shanghai Containerised Freight Index (SCFI) spot rates improved by 1.8% to $907 per TEU in the week ending Friday, reviews said.

Among other deals that also saw rate increases during the period were the Asia-Mediterranean which was up 1.4% to $772 per TEU, as well as Japan to the US Western Shore which increased 1.5% week-to-week to $1,457 per FEU.

However, prices from Asia to the US East Coast dropped by 1.1% to $2,761 per FEU, reviews included.