Drewry’s World Container Index decreased 1% to US$2076 per 40-foot container this week of 8th May, 80% below the previous pandemic peak of US$10,377 in September 2021.
Drewry’s World Container Index decreased 1% to US$2,076 per 40-foot container this week of 8 May, 80% below the previous pandemic peak of US$10,377 in September 2021.
However, Drewry said the index was 46% higher than the average US$1420 in 2019 (pre-pandemic).
The average YTD composite index closed at US$2773 per 40-foot container, US$122 lower than the 10-year average of US$2895 (inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Rotterdam decreased 7% or US$156 to US$2046 per 40-foot container and those from Shanghai to Genoa decreased 4% or US$123 to US$2766 per 40-foot container.
Following the trend, rates from New York to Rotterdam and Rotterdam to New York decreased 3% to US$814 and US$1972 per 40-foot container, respectively.
Also, rates from Rotterdam to Shanghai decreased 2% or US$7 to US$457 per 40-foot container while those from Shanghai to Los Angeles increased 5% or US$123 to US$2713 per 40-foot container and those from Shanghai to New York rose 4% or US$146 to US$3646 per 40-foot container.
Similarly, rates from Los Angeles to Shanghai increased 2% or US$17 to US$706 per 40-foot container.
Drewry expects rates to be less volatile in the coming week as carriers are re-organising their capacity to reflect a lower volume of cargo bookings from China.
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