Drewry: The World Container Index Increased by 7% this week 45-2024

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continued to increase this week. As it is mentioned, their composite World Container Index increased by 7% to $3,444$3,213 per 40-feet container.

Freight rates from Shanghai to Genoa jumped 21% or $751 to $4,399 per FEU and those from Shanghai to Rotterdam surged 16% or $558 to $3,954 per FEU.

Similarly, rates from New York to Rotterdam increased 3% or $25 to $785 per FEU.

On the other hand, rates from Rotterdam to Shanghai decreased 3% or $19 to $524 per FEU while those from Rotterdam to New York fell 2% or $40 to $2,624 perFEU.

Also rates from Shanghai to Los Angeles dipped 1% or $33 to $4,806 per FEU.

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

Spot rates on the Asia-Europe trade lane increased for the second consecutive week and Drewry expects this uptrend to continue next week as well.

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