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 11% to $3,511 per 40-feet container and this is 104% higher than the same week in 2023.

Freight rates from Shanghai to Rotterdam, Shanghai to Los Angeles, and Shanghai to New York increased 12% to $4,172, $4,476 and $5,717 per 40-feet container respectively.

Similarly, rates from Shanghai to Genoa increased 11% or $481 to $4,776 per FEU.

Likewise, rates from Rotterdam to New York climbed 2% or $49 to $2,209 per 40-feet box.

While rates from Rotterdam to Shanghai decreased 2% or $16 to $679 per 40-feet container.

Also, rates from Los Angeles to Shanghai dropped 1% or $7 to $692 per FEU.

While rates from New York to Rotterdam remain stable.

Drewry expects ex-China freight rates to rise due to increased demand, tight capacity, and the need to reposition empty containers.

Source: World Container Index, Drewry Supply Chain Advisors