In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continued falling this week. As it is mentioned, their composite World Container Index decreased by 1% to $3,786 per 40-feet container and this is 90% higher than the same week in 2023.
Freight rates on Shanghai to Genoa decreased by 11% or $623 to $5,225 per 40-feet box.
Followed by rates on Shanghai to Rotterdam which declined by 5% or $235 to $4,426 per FEU.
Likewise, rates on New York to Rotterdam reduced by 4% or $24 to $611 per 40-feet box.
Similarly, rates on Los Angeles to Shanghai fell by 1% or $8 to $726 per 40-feet container.
Conversely, rates on Rotterdam to New York skyrocketed by 24% or $389 to $1,978 per 40-feet box.
Followed by rates on Shanghai to Los Angeles which increased by 8% or $350 to $4,771 per FEU.
Similarly, rates on Rotterdam to Shanghai grew by 3% or $26 to $990 per FEU.
Likewise, rates on Shanghai to New York swelled by 2% or $103 to $6,268 per 40-feet container.
Spot rates ex-China are expected to remain stable next week due to the Chinese New Year holidays.
Source: World Container Index, Drewry Supply Chain Advisors
