Spot rates on the Transpacific headhaul continued to decline for the second straight week, with rates from Shanghai to New York dropping 10 per cent to $2,922 per 40-foot container and rates to Los Angeles falling 7 per cent to $2,172. According to Drewry’s Container Capacity Insight, blank sailings on the Transpacific trade are expected to decrease next week, increasing available capacity. As a result, Drewry anticipates a slight softening in rates next week.
The Asia–Europe trade route recorded its sixth consecutive week of increasing spot rates. Rates from Shanghai to Genoa rose 6 per cent to $2,319 per 40-foot container, while those from Shanghai to Rotterdam increased 8 per cent to $2,193.
On the Transatlantic lane, rates from New York to Rotterdam rose 2 per cent to $903, while Rotterdam to New York inched up 1 per cent to $1,655. Rates between Rotterdam and Shanghai remained unchanged at $460, and Los Angeles to Shanghai held steady at $718 per 40-foot container.
Carriers on the Asia–Europe route are attempting to lift spot rates further by introducing higher FAK levels ranging between $3,100 and $4,000 per 40-foot box, effective December 1, ahead of the annual contract negotiation season.
Drewry’s Container Forecaster expects the supply–demand balance to weaken over the next few quarters, especially if normal Suez Canal transits resume.
ALCHEMPro News Desk (KUL)
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