SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday increased by 5.7 per cent to US$944 per TEU.

Asia-Mediterranean rates ticked up 1.2 per cent to $1,096 per TEU after soaring by more than 40 per cent last week, according to the Shanghai Containerised Freight Index (SCFI).



Rates from Shanghai to US west coast were down 2 per cent to $1,342 per FEU while China-US east coast declined 2.4 per cent to $2,451 per FEU.