This week, Drewry’s World Container Index composite was up 2% on the previous week to $2276 per 40-foot container.
Shanghai – Genoa and Shanghai – New York freight rates both rose by 4% to $2,841 and $4527 per FEU respectively. Shanghai – Los Angeles tariffs were up 2% to $3197/FEU, while Los Angeles – Shanghai freight rates increased by 1% to $713 /FEU.
On the other hand, Shanghai – Rotterdam, Rotterdam – Shanghai, Rotterdam – New York and New York – Rotterdam rates remained stable.
Drewry expects spot rates to increase in the coming week, as carriers are reorganizing their capacity to accommodate higher volumes of cargo bookings from China.
Translation by Giles Foster
