The year-to-date (YTD) composite index averages $3,966 per FEU, which is $1,116 higher than the 10-year average of $2,850 (inflated by the exceptional COVID-19 period from 2020 to 2022).
The freight rates from Shanghai to Los Angeles decreased 5 per cent or $238 to $4,250 per FEU and those from Shanghai to Rotterdam fell 2 per cent or $74 to $3,997 per FEU. Likewise, rates from Shanghai to Genoa, Shanghai to New York and New York to Rotterdam shrank 1 per cent to $4,490, $5,182 and $789 per FEU, respectively.
Meanwhile, rates from Rotterdam to Shanghai, Los Angeles to Shanghai and Rotterdam to New York remained stable. Drewry also expects spot rates to remain stable next week.
ALCHEMPro News Desk (KUL)
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