This week, the Drewry World Container Index, which monitors box freight rates on the eight major routes to and from the US, Europe and Asia, fell 3.4% to $1,680.7/FEU.
The index is now 68.8% below the same week last year. It is also 37% below the average of the past ten years, i.e. $2,688. However, rates remain 18% higher than in 2019.
Tariffs between Shanghai and Rotterdam fell by 10%, to $1,449 per FEU while Shanghai-Genoa rates fell by 7%, to $1,888 per FEU.
New York – Rotterdam and Shanghai – New York rates were down respectively by 2% and 1%, to $739 and $3398 per FEU.
Shanghai – Los Angeles tariffs were up by 2%, to $2,254 per FEU. Spot rates on the Los Angeles – Shanghai and Rotterdam – New York trade lanes remained the same as the previous week.
Translation by Giles Foster
