MARITIME research consultancy Drewry’s composite World Container index increased marginally by 2% or $192 to reach $9,613.28 per 40ft container on 19 August. That’s 360% higher than the same week in 2020.
The result represents the 18th consecutive week of increases.
Freight rates from Shanghai to Los Angeles soared 6% or $647 to reach $10,969 per 40-foot container, a change of 242% year-on-year. Spot rates on Shanghai to Genoa gained $268 to reach $13,261 for a 40-foot box. Similarly, rates on Rotterdam to New York grew 1% or $45 to $6,435 per FEU.
However, rates on Los Angeles – Shanghai plunged 7%, a decrease of $103 to $1,358 per FEU. Rates from New York to Rotterdam dropped 1% or $17 to reach $1,154 per 40-foot box.
Freight rates on Shanghai to Rotterdam, Shanghai to New York and Rotterdam to Shanghai remained stable at previous weeks level.
Drewry expects rates to increase further in the coming week.
