The ups and downs of freight rates

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 17% to US$776 per TEU in the week ended on Friday, according to the Shanghai Containerised Freight Index (SCFI).

Also in the week, container freight rates dropped 20.3% from Asia to ports in the Mediterranean, rose 21.9% to ports on the US West Coast and were up 8.3% to ports on the US East Coast.