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

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates returned back to an increase this week. As it is mentioned, their composite World Container Index increased by 4% to $ $3,213 per 40-feet container.

Freight rates from Shanghai to Genoa skyrocketed 11% or $352 to $3,648 per FEU and those from Shanghai to Rotterdam increased 8% or $264 to $3,396 per FEU.

Rates from Shanghai to Los Angeles and Los Angeles to Shanghai also increased 1% to $4,839 and $718 per FEU, respectively, whereas those from Rotterdam to Shanghai decreased 1% or $5 to $543 per FEU.

Meanwhile, rates from Shanghai to New York, New York to Rotterdam and Rotterdam to New York remained stable.

After a decline since August, spot rates ex-China increased this week, and Drewry expect this trend to continue as the Christmas rush intensifies.

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