According to the weekly report, the index was 79 per cent below the previous pandemic peak of $10,377 in September 2021 and the lowest since January 2024. However, the index was 53 per cent higher than the average of $1,420 in 2019 (pre-pandemic).
The average year-to-date (YTD) composite index closed at $3,053 per 40-foot container, $167 higher than the 10-year average of $2,886 (inflated by the exceptional 2020–22 Covid period).
The freight rates from Rotterdam to New York decreased by 7 per cent, or $154, to $2,162 per 40-foot container, and those from Shanghai to Los Angeles fell by 6 per cent, or $171, to $2,487 per 40-foot container. The rates from Shanghai to Rotterdam and Shanghai to New York decreased by 4 per cent to $2,370 and $3,622 per 40-foot container, respectively, while those from Shanghai to Genoa declined by 3 per cent, or $115, to $3,171 per 40-foot container.
Conversely, rates from Rotterdam to Shanghai increased by 3 per cent, or $16, to $500 per 40-foot container, and those from Los Angeles to Shanghai increased by 1 per cent, or $7, to $709 per 40-foot container. Meanwhile, rates from New York to Rotterdam remained stable.
Drewry expects rates to decrease slightly in the upcoming weeks.
ALCHEMPro News Desk (KUL)
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