Yet another downturn, for the 43rd week running, for spot freight rates in the container shipping market. Drewry’s World Container Index dropped by 0.3% on the previous week to $2,120 per 40-foot container and remains 80% below the peak reached in September 202, when rates had averaged $10,377 per FEU.
Spot rates, currently 21% below the average of the last ten years and down 77% compared to the rates of the same week last year, nevertheless remain 49% higher than the pre-pandemic levels of 2019.
Shanghai – Rotterdam freight rates are up 2% to $1,706 per FEU while Shanghai – New York freight rates are down 2% on the previous week to $3,889 per forty-foot box.
Freight rates on the Shanghai-Genoa and Los Angeles-Shanghai trade routes both fell by 1% to $2,879 and $1,169 per forty-foot box, respectively.
Rotterdam-Shanghai and Rotterdam-New York rates were are both down by 1%, to $789 and $6,989 per FEU respectively.
New York-Rotterdam and Shanghai-Los Angeles spot rates have remained the same as the previous week.
Translation by Giles Foster
