In accordance with the assessment of Drewry Supply Chain Advisors, the container rates bounced back with a sharp rate increase this week on some routes. As it is mentioned, their composite World Container Index increased by 8% to $3,803 per 40-feet container.
Freight rates from New York to Rotterdam increased 3% or $23 to $830 per FEU and those from Shanghai to Rotterdam increased 2% or $80 to $4,855 per FEU.
Likewise, rates from Rotterdam to Shanghai, Shanghai to Genoa, Los Angeles to Shanghai and Shanghai to New York inched up 1% to $520, $5,526, $726 and $5,199 per FEU, respectively.
On the other hand, rates from Shanghai to Los Angeles decreased 4% or $137 to $3,582 per FEU and those from Rotterdam to New York shrank 1% or $27 to $2,622 per FEU.
Drewry expects spot rates to remain stable next week.
Source: World Container Index, Drewry Supply Chain Advisors
