Drewry: The World Container Index increased by 1% this week 28-2024

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates increased marginal this week. As it is mentioned, their composite World Container Index increased by 1% to $5,901 per 40-feet container and this is 297% higher than the same week in 2023.

Freight rates from New York to Rotterdam surged 4% or $26 to $682 per 40-feet container.

Similarly, rates from Shanghai to New York rose 3% or $229 to $9,387 per 40-feet box.

Likewise, rates from Shanghai to Genoa and Shanghai to Los Angeles increased 1% to $7,614 and $7,512 per FEU.

Conversely, rates from Rotterdam to Shanghai decreased 2% or $12 to $631 per 40-feet box. Rates from Rotterdam to New York dropped 1% or $22 to $1,955 per FEU.

Meanwhile, rates from Shanghai to Rotterdam and Los Angeles to Shanghai remain stable.

Drewry expects freight rates to remain high until the end of the peak season.

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