The World Container Index increased by 23% this week as per Drewry

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates have drastically increased this week. As it is mentioned, their composite World Container Index increased by 23% to $3,777 per 40-foot container and this is 82 higher than the same week in 2023.

Freight rates on Rotterdam to Shanghai increased by 50% or $323 to $975 per 40-feet container.

Followed by rates on Shanghai to Los Angeles which rose by 38% or $1,070 to $3,860 per FEU.

Also, rates on Shanghai to New York swelled by 35% or $1,474 to $5,644 per 40-feet box.

Likewise, rates on Shanghai to Genoa grew by 21% or $1,069 to $6,282 per FEU.

Followed by rates on Shanghai to Rotterdam which enlarged by 12% or $545 to $4,951 per 40-feet box.

Likewise, rates on New York to Rotterdam surged by 2% or $9 to $608 per 40-feet container.

Conversely, rates on Los Angeles to Shanghai decreased by 1% or $4 to $762 per FEU.

Rates on Rotterdam to New York remained stable.

Drewry anticipates East-West spot rates to increase in the coming weeks, due to the Red Sea/Suez situation.

Source: World Container Index, Drewry Supply Chain Advisors