Drewry: The World Container Index decreased by 3% this week 32-2024

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates decreased again this week.

As it is mentioned, their composite World Container Index decreased by 3% to $5,551 per 40-feet container.

Freight rates from Shanghai to Los Angeles and Shanghai to Genoa decreased 4% to $6,501 and $7,309 per 40-feet container, respectively.

Likewise, spot rates from Shanghai to Rotterdam and Shanghai to New York declined 3% to $7,929 and $8,931 per 40-feet container, respectively.

Conversely, rates from Rotterdam to New York and Rotterdam to Shanghai increased 1% to $1,967 and $630 per FEU, respectively.

Meanwhile, rates from Los Angeles to Shanghai and New York to Rotterdam remain stable.

Drewry believes that spot rates have peaked, but continued shipping disruptions will keep a floor under the spot rates for some time.

^{Source: World Container Index, Drewry Supply Chain Advisors}