Drewry: The World Container Index increased by 10% this week 27-2024

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates increased sharply again this week. As it is mentioned, their composite World Container Index increased by 10% to $5,868 per 40-feet container and this is 298% higher than the same week in 2023.

Freight rates from Shanghai to New York increased 17% or $1,331 to $9,158 per 40-feet container.

Similarly, rates from Shanghai to Los Angeles rose 12% or $799 to $7,472 per 40-feet box.

Likewise, rates from Shanghai to Rotterdam surged 10% or $734 to $8,056 per FEU.

Additionally, rates from Shanghai to Genoa spiked 7% or $471 to $7,573 per 40-feet container. Also, rates from New York to Rotterdam swelled 2% or $16 to $656 per FEU.

Conversely, rates from Rotterdam to Shanghai decreased 5% or $33 to $643 per 40-feet box.

Rates from Rotterdam to New York dropped 3% or $67 to $1,977 per FEU. Meanwhile, rates from Los Angeles to Shanghai remain stable.

Drewry expects a minor increase in freight rates out of China as Asian ports face congestion issues.

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