In accordance with the assessment of Drewry Supply Chain Advisors, the container rates increased a little this week. As it is mentioned, their composite World Container Index increased by 1% to $2,725 per 40-feet container and this is 55% higher than the same week in 2023.

Freight rates from Shanghai to Genoa increased 3% or $102 to $3,717 per 40-feet container.

Similarly, rates from Shanghai to Rotterdam rose 2% or $47 to $3,103 per FEU.

Conversely, rates from Rotterdam to Shanghai and Shanghai to Los Angeles decreased 1% to $739 and $3,371 per 40-feet box respectively.

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

Drewry expects freight rates from China to remain stable in the upcoming week.

Source: World Container Index, Drewry Supply Chain Advisors