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In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue to rise. As it is mentioned, their composite World Container index increased by 1% to $1,763.28 per 40 feet container and this is 77% lower than the same week in 2022.
Freight rates on Shanghai – Rotterdam gained 3% or $53 to $1,645 per FEU.
Rates on Shanghai – Genoa and Shanghai – New York inched up by 2% each to settle at $2,232 and $2,829 per 40 feet box, respectively.
Rates on Shanghai – Los Angeles, Rotterdam – Shanghai, Los Angeles – Shanghai, New York – Rotterdam and Rotterdam – New York hovered around the previous week’s level and is unchanged.
Drewry expects East-West spot rates on routes other than the transatlantic to be stable in the next few weeks.
Source: World Container Index, Drewry Supply Chain Advisors