In accordance with the assessment of Drewry Supply Chain Advisors, the container rates were unchanged this week. As it is mentioned, their composite World Container Index remains stable at $3,444 per 40-feet container.
Freight rates from Shanghai to Rotterdam increased 2% or $89 to $4,043 per FEU and those from Rotterdam to New York inched up 1% or $34 to $2,658 per FEU.
On the other hand, rates from Shanghai to Los Angeles decreased 2% or $106 to $4,700 per FEU while those from Rotterdam to Shanghai fell 1% or $3 to $521 per FEU.
Meanwhile, the rates from Shanghai to Genoa, Los Angeles to Shanghai, Shanghai to New York, and New York to Rotterdam remained stable.
Drewry expects spot rates on the Asia to Europe trade route to increase next week as carriers have announced General Rate Increases (GRIs) starting mid-November.
Source: World Container Index, Drewry Supply Chain Advisors
