Asia-Europe sea freight rates fluctuations
Euro volatility continues to affect the supply-demand imbalance in the container shipping industry. Even though according to the latest Shanghai Containerised Freight Index rates to Northern Europe are at their highest since the end of January, while container prices to the Mediterranean reached their highest since the beginning of March. Overall freight rates on the global market almost doubled bringing some relief for the carriers. Although the SCFI demonstrates that Asia-north Europe rates surged some 177.2%, or $709, to $1,109 per teu, and those on Asia-Mediterranean routes by 178.4%, or $717, to $1,119 per teu.