In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue with decreasing levels this week. As it is mentioned, their composite World Container Index decreased by 11% to $ $3,445 per 40-feet container.

Freight rates from Shanghai to Rotterdam decreased 19% or $797 to $3,434 per 40-feet container.

Rates from Shanghai to Genoa fell 10% or $524 to $4,562 per FEU.

Similarly, rates from Shanghai to Los Angeles reduced 8% or $415 to $4,813 per 40-feet container followed by rates from Shanghai to New York which decreased 7% or $448 to $6,377 per FEU.

Also, rates from Rotterdam to Shanghai, Los Angeles to Shanghai, New York to Rotterdam and Rotterdam to New York decreased 1% to $515, $721, $821 and $2,778 per 40-feet container respectively.

Drewry expects spot rates to decrease slightly in the coming week on the back of the Chinese Lunar New Year holidays.

Source: World Container Index, Drewry Supply Chain Advisors