In accordance with the assessment of Drewry Supply Chain Advisors, the container rates decreased quite a lot this week. As it is mentioned, their composite World Container Index decreased by 8% to $ $4,775 per 40-feet container.
Freight rates from Shanghai to Rotterdam plunged 14% or $985 to $6,219 per 40-feet container.
Likewise, rates from Shanghai to Genoa declined 12% or $769 to $5,842 per FEU.
Similarly, spot rates from Shanghai to Los Angeles slid 3% or $218 to $6,030 per 40-feet box.
In the same way, rates from Shanghai to New York and Rotterdam to Shanghai decreased 2% to $8,451 and $612 per 40-feet container, respectively.
Likewise, spot rates from New York to Rotterdam dropped 1% or $11 to $732 per FEU.
Conversely, rates from Rotterdam to New York increased 16% or $304 to $2,212 per 40-feet box. Likewise, spot rates from Los Angeles to Shanghai inched up 1% or $4 to $714, per 40-feet container.
Despite the looming threat of an ILA port strike, transpacific Eastbound freight rates have seen a slight dip this week.
Drewry expects Asia-Europe rates to decline in the upcoming weeks.
Source: World Container Index, Drewry Supply Chain Advisors
