Drewry’s World Container Index increased by 1 percent to $2,725 per 40-foot container for the week ending May 2. It has grown 55 percent compared with the same week last year. The latest Drewry WCI composite index of $2,725 per 40-foot container is 92 percent higher than the average 2019 (pre-pandemic) rate of $1,420.
According to Drewry’s latest container freight index, the average composite index for the year-to-date is $3,230 per 40-ft container, which is $519 higher than the 10-year average rate of $2,712 (inflated by the exceptional COVID period of 2020-22).
Freight rates from Shanghai to Genoa increased by 3 percent, or $102, for a 40-ft container. Similarly, rates from Shanghai to Rotterdam rose by 2 percent or $47 per FEU.
Conversely, rates from Rotterdam to Shanghai and Shanghai to Los Angeles decreased by 1 percent. Rates from Los Angeles to Shanghai, Shanghai to New York, New York to Rotterdam, and Rotterdam to New York remained stable. Drewry expects freight rates from China to remain stable in the upcoming week.
This week, the noted freight rates were as follows: Shanghai-Rotterdam $3,103 (up 2 percent), Rotterdam-Shanghai $739 (down 1 percent), Shanghai-Genoa $3,717 (up 3 percent), Shanghai-Los Angeles $3,371 (down 1 percent), Los Angeles-Shanghai $700 (no change), Shanghai-New York $4,382 (no change), New York-Rotterdam $625 (no change), and Rotterdam-New York $2,210 (no change).
Source: Fibre2Fashion
