In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue with further decreasing levels this week. As it is mentioned, their composite World Container Index decreased by 3% to $2,541 per 40-feet container.
Freight rates from Shanghai to Los Angeles decreased 9% or $311 to $3,166 per 40-feet container and those from Shanghai to New York declined 6% or $273 to $4,320 per 40-feet container.
Similarly, rates from Rotterdam to Shanghai fell 4% or $20 to $483 per FEU and those from Rotterdam to New York reduced 1% or $15 to $2,359 per FEU.
However, rates from Shanghai to Rotterdam increased 2% or $50 to $2,636 per 40-feet container and those from New York to Rotterdam rose 1% or $10 to $845 per 40-feet container.
Finally, the rates from Shanghai to Genoa and Los Angeles to Shanghai remained stable.
Drewry expects rates to continue to decrease next week due to increased shipping capacity.
Source: World Container Index, Drewry Supply Chain Advisors