Drewry: The World Container Index decreased by 4% this week 41-2024

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 4% to $3,349 per 40-feet container.

Freight rates from Rotterdam to Shanghai decreased 8% or $47 to $543 per 40-feet container. Similarly, rates from Shanghai to Rotterdam dropped 6% or $224 to $3,591 per FEU.

Likewise, rates from Shanghai to Los Angeles fell 5% or $239 to $5,019 per 40-feet box.

Also, rates from Shanghai to New York declined 3% or $161 to $5,761 per FEU. Similarly, rates from Shanghai to Genoa shrank 2% or $64 to $3,784 per 40-feet box.

Conversely, rates from New York to Rotterdam and Rotterdam to New York increased 1% to $730 and $2,083 per 40-feet box respectively.

Meanwhile, rates from Los Angeles to Shanghai remained stable.

The ILA port strike, which began on October 1, 2024, ended after three days on October 4, 2024. Following the tentative deal, Drewry expects rates ex-China to continue to decrease marginally in the coming weeks.

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