FREIGHT rates from Shanghai to Los Angeles fell two per cent to US$2,617 per FEU according to the last week's Container Index of spot rates.
Shanghai to New York decreased three per cent, or $95, to $3,611. Rates from Los Angeles to Shanghai remained stable.
The slip comes in the face of US tariffs of as much as 245 per cent on some Chinese exports that have cratered US-bound exports as shippers cancel factory orders, carriers increase blank sailings and importers scramble to realign supply chains.
Drewry, the London research house, said it expects rates to continue to decline in the coming weeks due to uncertainty stemming from reciprocal tariffs.
Similarly, rates from Rotterdam, Netherlands, to Shanghai decreased two per cent to $481 per FEU, while Rotterdam to New York fell one per cent to $2,109 per FEU. New York to Rotterdam increased one per cent or $8 to $825 per FEU.
The Drewry WCI composite index decreased two per cent to $2,157 per FEU, 79 per cent below the previous pandemic peak of $10,377 in September 2021. That was still 52 per cent higher than the pre-pandemic average of $1,420 in 2019.
SeaNews Turkey
Shanghai to New York decreased three per cent, or $95, to $3,611. Rates from Los Angeles to Shanghai remained stable.
The slip comes in the face of US tariffs of as much as 245 per cent on some Chinese exports that have cratered US-bound exports as shippers cancel factory orders, carriers increase blank sailings and importers scramble to realign supply chains.
Drewry, the London research house, said it expects rates to continue to decline in the coming weeks due to uncertainty stemming from reciprocal tariffs.
Similarly, rates from Rotterdam, Netherlands, to Shanghai decreased two per cent to $481 per FEU, while Rotterdam to New York fell one per cent to $2,109 per FEU. New York to Rotterdam increased one per cent or $8 to $825 per FEU.
The Drewry WCI composite index decreased two per cent to $2,157 per FEU, 79 per cent below the previous pandemic peak of $10,377 in September 2021. That was still 52 per cent higher than the pre-pandemic average of $1,420 in 2019.
SeaNews Turkey
