( – FocusAsia Media Ltd

SHANGHAI, Jul 25 (FAM) – Asia-Europe spot prices fell “unexpectedly” last week by around 9% despite peak season demand and transpacific prices also fell for the third successive week, although rates overall remain 15% higher than a year ago, according to the World Container Index assessed by Drewry.

Despite a peak season cargo surge on the Asia-Europe trade, average spot rates “dropped unexpectedly on the Shanghai-Rotterdam route”, which fell by $160 to $1,705 for a 40ft box last week, although rates remain 15% higher than a year ago. Average prices from Shanghai to Genoa fell by around 10% to $1,608 per feu.