The World Container Index increased 4% this week as per Drewry

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 $4,226 per 40-feet container and this is 151% higher than the same week in 2023.

Freight rates from Shanghai to New York increased 6% or $372 to $6,835 per 40-feet container.

Likewise, rates from Shanghai to Rotterdam swelled 5% or $271 to $5,270 per FEU.

Similarly, rates from Shanghai to Genoa rose 4% or $199 to $5,693 per 40-feet box.

Also, rates from Shanghai to Los Angeles increased 2% or $113 to $5,390 per FEU.

Rates from Rotterdam to Shanghai inched up 1% or $4 to $677 per 40-feet box.

Conversely, rates from Rotterdam to New York decreased 1% or $19 to $2,222 per 40-feet container.

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

Drewry expects freight rates ex-China to continue rising next week due to the onset of the early peak season.

Source: World Container Index, Drewry Supply Chain Advisors