THE average composite index of the World Container Index, assessed by Drewry for year-to-date, is $9409 per 40-foot container, which is $6574 higher than the five-year average of $2835. It is also 80% higher than the same week in 2021.
After a steady decrease in rates on trans-Pacific lanes since mid-September 2021, the rates are now increasing for the fifth consecutive week.
Freight rates from Shanghai – Los Angeles and Shanghai – New York gained 3% each to reach $10,520 and $13,518 per 40-foot box respectively. Similarly rates from New York – Rotterdam surged 5% or $57 to reach $1,244 per FEU.
However, rates from Los Angeles – Shanghai fell 1% to reach $1290 per 40-foot container. Rates on Shanghai – Rotterdam, Rotterdam – Shanghai, Shanghai – Genoa and Rotterdam – New York hovered around previous weeks level.
Drewry expects rates to climb higher in the coming week on account of Chinese New Year.
