In accordance with the assessment of Drewry Supply Chain Advisors, the container rates remain at increasing levels. As it is mentioned, their composite World Container Index increased by 2% to $ $2,276 per 40-feet container.
Freight rates from Shanghai to Genoa and Shanghai to New York rose 4% to $2,841 and $4,527 per 40-foot container and those from Shanghai to Los Angeles increased 2% or $61 to $3,197 per 40-foot container.
The container rates from Los Angeles to Shanghai increased a marginal 1% or $4 to $713 per FEU.
Finally, the rates from Shanghai to Rotterdam, Rotterdam to Shanghai, Rotterdam to New York, and New York to Rotterdam remained stable.
Following the latest US-China trade developments, Drewry expects an increase in spot rates in the coming week as carriers are reorganising their capacity to accommodate a higher volume of cargo bookings from China.
Source: World Container Index, Drewry Supply Chain Advisors
