Asia-Europe up 1.9pc to US$907/TEU, USWC up 8.5pc at $2,920/FEU

 SPOT rates for shipping containers from Asia to northern Europe in the week ending last Friday edged up 1.9 per cent to US$907 per TEU.

For Mediterranean ports, rates fell 0.2 per cent to $968 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Rates from Shanghai to US west coast increased 8.5 per cent to $2,920 per FEU while China-US east coast increased three per cent to $3,403 FEU.