The Drewry WCI composite index increased 8% to $2,233 per 40ft container, 78% below the previous pandemic peak of $10,377 in September 2021. However, the index was 57% higher than the average $1,420 in 2019 (pre-pandemic).
The average YTD composite index closed at $2,746 per 40ft container, $151 lower than the 10-year average of $2,896 (inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to New York surged 19% or $704 to $4,350 per 40ft container and those from Shanghai to Los Angeles shot up 16% or $423 to $3,136 per 40ft container whereas rates from New York to Rotterdam increased a marginal 1% or $10 to $824 per 40ft container.
On the other hand, rates from Shanghai to Rotterdam, Shanghai to Genoa, and Rotterdam to New York decreased 1% to $2,035, $2,742, and $1,961 per 40ft container, respectively, while those from Rotterdam to Shanghai and Los Angeles to Shanghai remained stable. Following the latest US–China trade developments, Drewry expects an increase in Trans-Pacific spot rates in the coming week due to a shortage in capacity.
For more information:
Drewry
Tel: +44 (0)207 538 0191
Email: [email protected]
www.drewry.co.uk