DREWRY's latest World Container Index increased 23 per cent to US$3,777 per FEU last week, the highest since October 2022, reported Manila's PortCalls.
The index on January 18 is also an 82 per cent rise increase compared with the same week last year and is 166 per cent more than average the 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $3,173 per FEU, which is $495 higher than the 10-year average rate of $2,678, which was inflated by the exceptional 2020-22 Covid period.
Drewry said it anticipates east-west spot rates to increase in the coming weeks, due to the Red Sea/Suez situation.
Freight rates on Rotterdam to Shanghai increased by 50 per cent or $323 to $975 per FEU.
Rates on Shanghai to Los Angeles jumped by 38 per cent or $1,070 to $3,860 per FEU while rates on Shanghai to New York advanced by 35 per cent or $1,474 to $5,644 per FEU.
Rates on Shanghai to Genoa surged by 21 per cent or $1,069 to $6,282 per FEU, while rates on Shanghai to Rotterdam rose by 12 per cent or $545 to $4,951 per FEU.
Meanwhile, rates on Los Angeles to Shanghai decreased one per cent or $4 to $762 per FEU.
https://www.shippingazette.com/menu.asp?encode=eng
|
Back:
Next:
