Drewry: The World Container Index decreased by 5% this week 40-2024

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 5% to $3,489 per 40-feet container.

Freight rates from Shanghai to Genoa decreased 9% or $364 to $3,848 per 40-feet container.

Similarly, rates from Shanghai to Rotterdam declined 8% or $342 to $3,815 per FEU. Likewise, rates from Shanghai to Los Angeles dropped 4% or $232 to $5,258 per 40-feet box.

Also, rates from Shanghai to New York and Rotterdam to Shanghai fell 2% to $5,922 and $590 per FEU respectively.

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

Drewry expects increases in rates from China and Europe to the US East Coast in the coming weeks due to the ILA port strike.

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