GCTL8.com (FocusAsia Media Ltd)

ROTTERDAM, Mar 14 (FAM) – Spot container freight rates from North Europe to China rose 45% last week to a four-year high of more than US$1,000 per feu due to unexpectedly strong eastbound volumes, especially to China, plus service cuts post-Chinese New Year.

The ‘World Container Index assessed by Drewry’ market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container last Thursday, from $740 previous week, Lloyd’s List reports.