In accordance with the assessment of Drewry Supply Chain Advisors, the container rates increased again this week. As it is mentioned, their composite World Container Index increased by 4% to $5,318 per 40-feet container and this is 256% higher than the same week in 2023.

Freight rates from Shanghai to Rotterdam increased 7% or $455 to $7,322 per 40-feet container.

Likewise, rates from Shanghai to Los Angeles and Shanghai to New York rose 4% to $6,673 and $7827 per 40-feet box respectively.

Similarly, rates from Rotterdam to Shanghai, Shanghai to Genoa and New York to Rotterdam grew 1% to $676, $7,102 and $640 per FEU respectively.

Conversely, rates from Rotterdam to New York decreased 2% or $49 to $2,044 per 40-feet container.

Meanwhile, rates from Los Angeles to Shanghai remain stable. 

Drewry expects minor increase in freight rates due to congestion at Asian ports.

Source: World Container Index, Drewry Supply Chain Advisors