In accordance with the assessment of Drewry Supply Chain Advisors, the container rates turned this week back to increasing levels. As it is mentioned, their composite World Container Index increased by 8% to $ $2,233 per 40-feet container.

Freight rates from Shanghai to New York surged 19% or $704 to $4,350 per 40-foot container and those from Shanghai to Los Angeles shot up 16% or $423 to $3,136 per 40-foot container.

The container rates from New York to Rotterdam increased a marginal 1% or $10 to $824 per FEU.

On the other hand, rates from Shanghai to Rotterdam, Shanghai to Genoa and Rotterdam to New York decreased 1% to $2,035, $2,742 and $1,961 per 40-foot container, respectively.

The rates from Rotterdam to Shanghai and Los Angeles to Shanghai remained stable.

Following the latest US–China trade developments, Drewry expects an increase in Transpacific spot rates in the coming week due to shortage in capacity.

Source: World Container Index, Drewry Supply Chain Advisors