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