Asia-Europe rate rises 0.2pc to US$882/TEU

London - Spot rates for shipping containers from Asia to northern Europe in the week ending Friday rose 0.2 per cent to US$882 per TEU from $880 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade inched up 0.1 per cent to $878 per TEU. On the other hand Asia to the US west coast declined 4.7 per cent week-over-week to $1,092 per FEU while those to the east coast off 3.3 per cent to $2,013 per FEU.