In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continued falling a little again this week. As it is mentioned, their composite World Container Index decreased by 1% to $2,795 per 40-feet container and this is 64% higher than the same week in 2023.

Freight rates from Shanghai to New York decreased 4% or $184 to $4,710 per FEU.

Similarly, rates from Rotterdam to Shanghai dropped 3% or $27 to $767 per 40-feet box.

Likewise, rates on Shanghai to Los Angeles declined 2% or $70 to $3,634 per 40-feet container.

Also, rates from Shanghai to Rotterdam and Rotterdam to New York fell 1% to $3,050 and $2,224 per 40-feet box respectively.

While rates on Los Angeles to Shanghai increased 1% or $5 to $693 per 40-feet container.

At the same time, rates from Shanghai to Genoa and New York to Rotterdam remained stable at the previous week’s level.

Drewry expects a minor decrease in Transpacific spot freight rates, whereas Transatlantic and Asia-Europe head towards stability in the coming weeks.

Source: World Container Index, Drewry Supply Chain Advisors.