AS of mid-September, the downward trend in average spot rates for container shipping has continued, reports Drewry's World Container Index.
The weekly data, published on September 19, 2024, shows a decline across all routes departing from Shanghai: -9 per cent for Rotterdam (with rates dropping below US$5,000 per FEU, settling at $4,682), -6 per cent for Genoa (also falling below $5,000, to $4,928), -4 per cent for New York ($6,364), and -1 per cent for Los Angeles ($5,580).
Rates for the reverse direction have remained mostly unchanged compared to the previous week, with rates from Rotterdam at $603 and from Los Angeles at $717.
In contrast, transatlantic rates saw an upward trend, with a two per cent increase from Rotterdam to New York ($2,056) and a 1 per cent increase for the reverse route ($713). Drewry predicts that weak demand for shipping will continue to drive rates down in the coming weeks.
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The weekly data, published on September 19, 2024, shows a decline across all routes departing from Shanghai: -9 per cent for Rotterdam (with rates dropping below US$5,000 per FEU, settling at $4,682), -6 per cent for Genoa (also falling below $5,000, to $4,928), -4 per cent for New York ($6,364), and -1 per cent for Los Angeles ($5,580).
Rates for the reverse direction have remained mostly unchanged compared to the previous week, with rates from Rotterdam at $603 and from Los Angeles at $717.
In contrast, transatlantic rates saw an upward trend, with a two per cent increase from Rotterdam to New York ($2,056) and a 1 per cent increase for the reverse route ($713). Drewry predicts that weak demand for shipping will continue to drive rates down in the coming weeks.
SeaNews Turkey