In accordance with the assessment of Drewry Supply Chain Advisors, the container rates remain also this week with decreasing levels. As it is mentioned, their composite World Container Index decreased by 1% to $2,076 per 40-feet container.
Freight rates from Shanghai to Rotterdam decreased 7% or $156 to $2,046 per 40-foot container and those from Shanghai to Genoa decreased 4% or $123 to $2,766 per 40-foot container.
Following the trend, rates from New York to Rotterdam and Rotterdam to New York decreased 3% to $814 and $1,972 per FEU, respectively.
The rates from Rotterdam to Shanghai decreased 2% or $7 to $457 per 40-foot container.
Finally, the rates from Shanghai to Los Angeles increased 5% or $123 to $2,713 per 40-foot container and those from Shanghai to New York rose 4% or $146 to $3,646 per 40-foot container.
Similarly, rates from Los Angeles to Shanghai increased 2% or $17 to $706 per FEU.
Drewry expects rates to be less volatile in the coming week as carriers are reorganising their capacity to reflect a lower volume of cargo bookings from China.
Source: World Container Index, Drewry Supply Chain Advisors