The index was 73 per cent below the pandemic peak of $10,377 in September 2021 and at its lowest level since May 2024. However, it remained 97 per cent higher than the pre-pandemic average of $1,420 in 2019.
The year-to-date (YTD) average composite index stands at $3,465 per 40ft container, $583 higher than the 10-year average of $2,881 (inflated by the exceptional 2020–22 COVID period).
Freight rates from Shanghai to New York decreased by 13 per cent, or $748, to $5,126 per 40ft container, while rates from Shanghai to Los Angeles dropped by 11 per cent, or $504, to $3,888 per 40ft container. Similarly, rates from Shanghai to Rotterdam declined by 9 per cent, or $269, to $2,618 per 40ft container, and those from Shanghai to Genoa fell by 8 per cent, or $326, to $3,837 per 40ft container. Meanwhile, freight rates from Rotterdam to New York decreased by 3 per cent, or $69, to $2,394 per 40ft container.
Freight rates from Rotterdam to Shanghai, Los Angeles to Shanghai, and New York to Rotterdam remained stable.
Drewry expects a further slight decline in spot rates next week as global container service capacity increases.
ALCHEMPro News Desk (KUL)
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