Drewry ‘s World Container Index (WCI) composite index rose 41% to $3,527 per 40-foot container this week.

“Drewry’s WCI has increased by 70% over the past four weeks as President Donald Trump’s pause on import tariffs led to a resumption of US-bound traffic after the initial collapse in transpacific volumes,” the consultancy reported.

Freight rates from Shanghai to Los Angeles rose 57% to $5,876 per 40-foot container last week and 117% since May 8 (four weeks ago). Spot rates to New York rose 39% last week and 96% in the past four weeks.

Freight prices from Shanghai to Rotterdam and Genoa also increased last week, by 32% and 38%, respectively.

“The latest and sudden short-term strengthening of the supply-demand balance in global container shipping has reversed the downward trend in rates that began in January,” Drewry noted.

However, Drewry’s Container Forecaster expects the balance between supply and demand to weaken again in the second half of the year, leading to a further decline in spot rates in the second half of this year.

“The volatility and timing of tariff changes will depend on the outcome of legal challenges to Trump’s tariffs and capacity changes related to the introduction of US sanctions on Chinese vessels, which are uncertain,” the agency concluded.

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El cargo Rates on major shipping routes increase 41% in the last week apareció primero en T21.

Drewry‘s composite index , the World Container Index (WCI) , fell 2% to $5,806 per 40-foot container this week, following a period of continuous increases since week 18. However, it has increased 268% compared to the same time frame last year.

The latest Drewry WCI composite index of $5,806 per 40-foot container is 44% lower than the maximum figure reached during the COVID-19 pandemic period ($10,377 in September 2021), but it is 309% higher than the 2019 (pre-pandemic) average rates of $1,420.

The average composite rate so far this year is $3,886 per 40-foot container, which is $1,108 more than the 10-year average rate of $2,777, which was inflated by the exceptional period of COVID-19 in 2020-2022, as described by the consulting firm.

Freight rates from New York to Rotterdam increased 4% or $26 to $736 per FEU. Similarly, rates from Rotterdam to New York and Los Angeles to Shanghai rose 1% to $1,954 and $706 per 40-foot box, respectively.

In contrast, rates from Shanghai to Los Angeles decreased 5% or $354 to $6,934 per 40-foot box. Similarly, rates from Shanghai to New York fell 4% or $399 to $9,213 per 40-foot container.

Likewise, rates from Shanghai to Genoa fell 1% or $82 to $7,645 per FEU. Meanwhile, fares from Rotterdam to Shanghai and Shanghai to Rotterdam remain stable.

Drewry believes spot rates have peaked, but continued shipping disruptions will keep a floor below spot rates for some time.

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El cargo Rates on major maritime routes show a decline after 12 consecutive weeks of increases. apareció primero en T21.