In accordance with the assessment of Drewry Supply Chain Advisors, the container rates have increased further this week. As it is mentioned, their composite World Container Index increased by 4% to $1,521 per 40-foot container and this is 28% lower than the same week in 2022.

Freight rates on Shanghai to Rotterdam increased by 7% or $99 to $1,442 per FEU.

Followed by rates on Shanghai to Genoa which swelled by 6% or $89 to $1,697 per 40-feet box.

Likewise, rates on Shanghai to New York rose by 4% or $104 to $2,851 per 40-feet container.

Similarly, rates on Rotterdam to Shanghai, Shanghai to Los Angeles and Los Angeles to Shanghai grew by 2% to $452, $1,985 and $770 per FEU respectively.

Also, rates on New York to Rotterdam increased by 1% or $3 to $591 per 40-feet box.

While rates on Rotterdam to New York remain stable.

Drewry anticipates East-West spot rates on lanes to remain close to current levels, overall, in the upcoming weeks.

Source: World Container Index, Drewry Supply Chain Advisors