FEU
Units & measuresForty-foot Equivalent Unit
A unit equal to one 40-foot container, or two TEU.
In practice
Rates on major trades are quoted per FEU because 40' is the most common box. A GRI of USD 1,000 per FEU is USD 500 per TEU.
Seen in the wild
Spot rate Asia to USWC is USD 2,400 per FEU this week.