The average year-to-date composite index is $3,949 per FEU, which is $1,091 higher than the 10-year average of $2,858, inflated by the exceptional 2020-22 COVID period.
Freight rates from New York to Rotterdam increased by 3 per cent, or $23, to $830 per FEU, and those from Shanghai to Rotterdam increased by 2 per cent, or $80, to $4,855 per FEU. Likewise, rates from Rotterdam to Shanghai, Shanghai to Genoa, Los Angeles to Shanghai, and Shanghai to New York inched up by 1 per cent to $520, $5,526, $726, and $5,199 per FEU, respectively.
On the other hand, rates from Shanghai to Los Angeles decreased by 4 per cent, or $137, to $3,582 per FEU, and those from Rotterdam to New York shrank by 1 per cent, or $27, to $2,622 per FEU. Drewry expects spot rates to remain stable next week. The index had noted a steep rise in the previous week following the announcement of an impending ILA port strike in January 2025.
ALCHEMPro News Desk (KUL)
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