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Home Freight News Drewry expects spot rates to remain stable in the near future

Drewry expects spot rates to remain stable in the near future

Drewry’s composite World Container Index decreased by 0.9% to US$7,657.20 per 40ft container the week of 12 May 2022, compared with the previous week's figure. Despite the fall though, it remains 33.7% higher than a year ago.

Source: World Container Index, Drewry Supply Chain Advisors

The average composite index of the World Container Index (WCI), assessed by Drewry for year-to-date, is US$8,768 per 40ft container, which is US$5,439 higher than the five-year average of US$3,329 per 40ft container.

Meanwhile, freight rates on Shanghai – Rotterdam dropped 2% to US$9,824 per feu. Additionally, spot rates on Shanghai – New York fell 3% to US$10,926 per 40ft box. Similarly, rates on Shanghai – Genoa dipped 1% to US$11,736 and rates on Rotterdam – Shanghai fell to US$1,430 per 40ft container.

Source: World Container Index, Drewry Supply Chain Advisors

However, rates on Shanghai – Los Angeles and Los Angeles – Shanghai gained 1% each to reach US$8,666 and US$1,286 per feu, respectively.

Moreover, rates on Rotterdam – New York and New York – Rotterdam hovered around the previous weeks' levels. Drewry expects spot rates to remain stable in the coming weeks.

Spot freight rates by major route

Drewry’s assessment across eight major East-West trades:

Source: Drewry Supply Chain Advisors

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