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 16% to $4,072 per 40-feet container and this is 142% higher than the same week in 2023.

Freight rates from Shanghai to Rotterdam increased 20% or $827 to $4,999 per 40-feet container.

Similarly, rates from Shanghai to Los Angeles increased 18% or $801 to $5,277 per FEU.

Likewise, rates from Shanghai to Genoa climbed 15% or $718 to $5,494 per 40-feet box.

Correspondingly, rates from Shanghai to New York surged 13% or $746 to $6,463 per 40-feet container.

Also, Rotterdam to New York rates increased 1% or $32 to $2,241 per FEU.

Conversely, rates from Rotterdam to Shanghai decreased 1% or $6 to $673.

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

Drewry expects the spike in spot freight rates to lessen in the next few months.

Source: World Container Index, Drewry Supply Chain Advisors