In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue to increase this week. As it is mentioned, their composite World Container Index increased by 3% to $3,905 per 40-feet container.

Freight rates from Shanghai to Los Angeles increased 7% or $330 to $4,829 per FEU.

Similarly, rates from Shanghai to New York rose 6% or $371 to $6,445 per 40-feet container.

Likewise, rates from Rotterdam to Shanghai and New York to Rotterdam increased 2% to $516 and $838 per FEU, respectively.

Conversely, rates from Shanghai to Rotterdam decreased 1% or $45 to $4,774 per 40-feet container.

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

Drewry expects rates on the Transpacific trade to rise in the coming week, driven by front-loading ahead of the looming ILA port strike in January 2025 and the anticipated tariff hikes under the incoming Trump Administration.

Source: World Container Index, Drewry Supply Chain Advisors