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