DREWRY's composite container index increased one per cent to US$2,725 per 40 ft container last week and has increased 55 per cent year on year.
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 (which was inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Genoa increased three per cent or $102 to $3,717 per 40 ft container. Similarly, rates from Shanghai to Rotterdam rose two per cent or $47 to $3,103 per FEU.
Conversely, rates from Rotterdam to Shanghai and Shanghai to Los Angeles decreased one per cent to $739 and $3,371 per 40 ft box respectively.
While rates from Los Angeles to Shanghai, Shanghai to New York, New York to Rotterdam and Rotterdam to New York remain stable.
SeaNews Turkey
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 (which was inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Genoa increased three per cent or $102 to $3,717 per 40 ft container. Similarly, rates from Shanghai to Rotterdam rose two per cent or $47 to $3,103 per FEU.
Conversely, rates from Rotterdam to Shanghai and Shanghai to Los Angeles decreased one per cent to $739 and $3,371 per 40 ft box respectively.
While rates from Los Angeles to Shanghai, Shanghai to New York, New York to Rotterdam and Rotterdam to New York remain stable.
SeaNews Turkey
