In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue with real decreasing levels this week. As it is mentioned, their composite World Container Index decreased by 6% to $2,629 per 40-feet container.
Freight rates from Shanghai to Los Angeles decreased 11% or $411 to $3,477 per 40-feet container, closely followed by the rates on Shanghai to New York which decreased 10% or $533 to $4,593 per 40-feet container.
Likewise, rates from Shanghai to Genoa fell 2% or $90 to $3,747 per FEU and those from Shanghai to Rotterdam and Rotterdam to New York reduced 1% to $2,586 and $2,374 per FEU, respectively.
On the other hand, rates from Rotterdam to Shanghai and New York to Rotterdam increased 1% to $503 and $835 per 40-feet container, respectively.
Meanwhile, rates from 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