THE WORLD Container Index decreased 1% to US$3413 per FEU this past week.
The composite index, published by Drewry, is now 67% below the previous pandemic peak of US$10,377 in September 2021 but 140% more than the average US$1420 in 2019 (pre-pandemic).
The average YTD composite index is US$3980 per FEU, which is US$1132 higher than the 10-year average of US$2848 (inflated by the exceptional 2020-22 covid period).
Freight rates from Shanghai to Genoa increased 3% or US$120 to US$4520 per FEU.
Likewise, spot rates from Shanghai to Rotterdam, New York to Rotterdam and Rotterdam to New York inched up 1% to US$4071, US$793 and US$2672 per FEU.
Rates from Shanghai to Los Angeles decreased 5% or US$212 to US$4488 per FEU while those from Rotterdam to Shanghai fell 1% or US$4 to US$517 per FEU.
Meanwhile, rates from Los Angeles to Shanghai and Shanghai to New York remained stable.
Drewry expects spot rates to remain stable next week.
