This week, the Drewry World Container Index, which monitors container freight rates on the eight major routes to and from the US, Europe and Asia, fell 2.7% to $1,494.46/FEU.
The index is now 78.9% below the level of the same period in 2022 and 86% below the $10,377 (9,563 euros) record in September 2021. It is also 44% below the $2,688 average of the last ten years.
However, rates remain slightly higher, (+ 5%), than 2019.
Transport tariffs between Rotterdam and New York plunged 17% to $2,670 per FEU while those on the Shanghai-Los Angeles route dropped a further 4% to $1,581 per FEU compared to the previous week; the lowest figure since May 2020.
Freight rates on the Shanghai-Rotterdam route were unchanged from the previous week, at $1,313 per FEU, while freight rates on the Shanghai-Genoa route were down 2%, to $2,034 per FEU.
Shanghai-New York rates fell by 1%, to $2,508 per FEU. On the other hand, Rotterdam-Shanghai rates were up by 1%, to $575 per FEU.
New York-Rotterdam shipping rates were the same as the previous week.
Translation by Giles Foster
