In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue with decreasing levels once more this week. As it is mentioned, their composite World Container Index decreased by 5% to $3,095 per 40-feet container.
Freight rates from Rotterdam to New York decreased 10% or $263 to $2,469 per 40-feet container.
The rates from Shanghai to Rotterdam fell 5% or $149 to $3,125 per FEU.
Rates from Rotterdam to Shanghai and Shanghai to Genoa reduced 4% to $498 and $4,236 per 40-feet container respectively.
Freight rates from Los Angeles to Shanghai having decreased 2% or $14 to $707 per FEU.
Finally, the rates from New York to Rotterdam, Shanghai to Los Angeles and Shanghai to New York fell 1% to $833, $4,717 and $6,212 per 40-feet container, respectively.
Drewry expects spot rates to decrease slightly in the coming week due to the increase in capacity.
Source: World Container Index, Drewry Supply Chain Advisors