Drewry: The World Container Index decreased by 4% this week 43-2024

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 $3,095 per 40-feet container.

Freight rates from Shanghai to Rotterdam decreased 7% or $241 to $3,132 per FEU, while rates from Shanghai to New York decreased 6% or $343 to $5,266 per FEU and those from Shanghai to Genoa fell 4% or $142 to $3,296 per FEU.

Likewise, rates from Shanghai to Los Angeles reduced 3% or $127 to $4,814 per FEU, whereas rates from Los Angeles to Shanghai shrank 1% or $6 to $710 per FEU.

Conversely, rates from Rotterdam to New York skyrocketed 28% or $580 to $2,663 per FEU and those from New York to Rotterdam increased 4% or $32 to $761 per FEU.

Drewry expects rates (ex-China) to continue with their marginal decline in the coming weeks.

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