Drewry’s World Container Index increased 8% this week to $2,123 per 40-foot container. A sharp rise in Asia-Europe rates drove the gain alongside increases on the Transpacific route.
The Asia-Europe route recorded double-digit growth this week. The Transpacific route posted double-digit growth last week.
Shanghai-Rotterdam spot rates increased 19% to $2,443 per container. Shanghai-Genoa rates rose 10% to $3,120 per container. Carriers announced only 5 blank sailings on the Asia-Europe route for next week.
MSC and CMA CGM announced higher freight-all-kinds rates effective March 22. Carriers continue to manage capacity while implementing rate increases. Drewry expects spot rates to rise further in coming weeks.
Shanghai-Los Angeles spot rates increased 4% to $2,503 per container. Shanghai-New York rates rose 3% to $3,080 per container. Carriers announced 7 blank sailings for next week on Transpacific East and West Coast routes.
The ongoing Middle East conflict continues to affect global supply chains. The situation supports higher freight rates in the short term. Drewry expects Transpacific spot rates to increase in coming weeks.
The index provides independent global reference for index-linked contracts. Drewry Supply Chain Advisors offers ocean freight cost benchmarking services for organizations considering index-linked contracts or requiring regional coverage beyond the eight standard trade lanes.
