17.5 C
Hamburg
Monday, June 2, 2025
Home Rates & Surcharges Transpacific drive latches on to US$100 recovery in composite rates

Transpacific drive latches on to US$100 recovery in composite rates

A string of General Rate Increases (GRIs) for Freight All Kinds (FAK) rates, the added effect of the Canadian port strikes and the cutting down of capacities have been playing into China-US rates.

The latest weekly action saw the Shanghai-Los Angeles rates (China-US West Coast) sear past the US$2,000 mark, to end at US$2,072, a figure which was last seen by the trade lane over six months back.

The Shanghai- New York trade lane rates too breached the US$3,000 mark on the upside, appreciating 5% to end at US$3,049, again at a six-month high. The duo powered the Drewry World Container Index (WCI) up by 2.5% to a level of US$1,576. The WCI has now improved by US$102, over the past three weeks (about a 7% rise in percentage terms).

In a week that saw muted action from the other trade lanes, the Transatlantic trade lane prices nosedived further to US$1,590 and have lost 77% of their value over the past year, in line with the Composite index.

The performance is worse than the Transpacific: China-US counterparts, but still better than the China-Mediterranean and China-Europe trade lanes which have both lost over 80%. The former still languishes at a three-year low, settling below the US$1,900 mark as per the latest quote.

While Drewry has maintained its commentary on declining rates in the East-West trade, the prime focus will be to understand if this is a sustained rise unlike the previous two instances of GRIs seen early this year. As the US back-to-school season knocks the doors, inventory management and ordering will also play a key role in the rate action.

Spot freight rates by major route – Drewry’s assessment across eight major East-West trades:


Author of the article: Gautham Krishnan

Gautham Krishnan is a logistics professional with Fluor Corporation, in the area of project logistics and analytics, and has worked in the areas of Project Management, Business Development and Government Consulting.





Latest Posts

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...

Mixed response to Suez Canal discounts

Container lines are mostly not ready to follow CMA CGM in dabbling with a Red Sea return, notwithstanding the Suez Canal Authority's (SCA's) discounts,...

Mersin International Port completes first phase of expansion project

Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...

GEODIS unveils low-carbon air freight solution

GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today...

Gemini partners on track for 90% schedule reliability target

In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime...
error: Content is protected !!