May.21--All the major trades saw declines last week as Asia-Europe rates experienced the biggest plunge, down 4.2 per cent to US$1,742 per TEU from the previous week, according to the latest Shanghai Containerised Freight Index (SCFI). 
    Asia-Mediterranean spot rates contracted 3.2 per cent to $1,872 per TEU for the week.
    On the Asia-US trades, east coast rates were down 1.4 per cent week to week to $3,490 per FEU, while rates to the US west coast declined 2.6 per cent to $2,330 per FEU.
    Across all trades covered by the index the SCFI was down 2.7 per cent to 1,426 points.

(Source:shippingazette)