The World Container Index increased by 12% this week as per Drewry

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates increased again sharply this week. As it is mentioned, their composite World Container Index increased by 12% to $4,716  per 40-feet container and this is 181% higher than the same week in 2023.

Freight rates from Shanghai to Genoa increased 17% or $971 to $6,664 per 40-feet container.

Similarly, rates from Shanghai to Rotterdam increased 14% or $762 to $6,032 per FEU.

Likewise, rates from Shanghai to Los Angeles increased 11% or $585 to $5,975 per 40-feet box.

Also, rates from Shanghai to New York rose 6% or $379 to $7,214 per 40-feet box.

Conversely, rates from Rotterdam to Shanghai decreased 5% or $35 to $642 per FEU.

Also, rates from Rotterdam to New York dropped 4% or $86 to $2,136 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