Drewry’s World Container Index remains stable

Drewry’s World Container Index remained stable at USD1,852 per 40ft container this week.

Drewry said that the Index maintained stability due to decreased Transpacific rates and increased Asia-Europe rates offsetting each other.

This makes interesting reading for the U-Freight group with our strong presence in the global container shipping arena.

Spot rates on the Transpacific Headhaul continue to decrease for the second consecutive week, with rates from Shanghai to New York falling 10 percent to USD2,922 per 40ft container and rates to Los Angeles falling seven percent to USD2,172.

As per Drewry’s Container Capacity Insight, blank sailings on the Transpacific trade are expected to decrease next week, leading to more available capacity. Hence, Drewry expects rates to soften slightly next week.

The Asia-Europe trade route recorded its sixth straight week of increasing spot rates. Rates from Shanghai to Genoa increased six percent to USD2,319 per 40ft container and from Shanghai to Rotterdam rose nine percent to USD2,193. 

Carriers on the Asia–Europe trade route are trying to push spot rates up by introducing higher FAK rates ranging from USD3,100 to USD4,000 per 40ft box, effective 1 December, in an attempt to elevate spot rates before the start of the new annual contract negotiation season.

Drewry’s Container Forecaster expects the supply-demand balance to weaken in the next few quarters, particularly if normal Suez Canal transits resume.

For more information about our ocean freight forwarding and logistics services, please visit the relevant pages of this website, or contact your local office, which can be seen here: https://ufreight.com/locations