This week, freight rates in the box shipping spot market fell by a further 4%, levelling off at $3095 per 40ft container, according to Drewry.
The market analyst points out that freight rates have been dropping steadily since 18th July, when they were around $5907 per FEU.
Shanghai – Rotterdam rates were down 7%, to $3132 per FEU, while Shanghai – New York rates fell by 6%, to $5266 per FEU.
Shanghai – Genoa rates dropped by 4% to $3296 per FEU. While, on the Shanghai – Los Angeles and the Los Angeles – Shanghai routes, they fell by 3% and 1% respectively, to $4814 and $710 dollars per FEU.
A different story, on the Rotterdam – New York route. Shipping rates skyrocketed 28% this week to $2663 per FEU. Likewise, New York – Rottedam rates were up a 4% compared to the previous week, at $761 per FEU.
Translation by Giles Foster
