Tiếng ViệtIn a notable development, Drewry’s World Container Index witnessed a remarkable 23% surge, reaching $3,777 per 40-foot container during the week ending January 18, 2024. This surge marks an 82% increase compared to the same week last year, signifying a substantial shift in the global container shipping landscape.
Composite Index Reaches New Heights
The composite index’s ascent to $3,777 per 40-foot container this week represents a remarkable milestone, marking the highest level since October 2022.
Impressively, it stands at an impressive 166% above the average 2019 (pre-pandemic) rate of $1,420.
Year-to-Date Performance
The average composite index for the year-to-date stands at $3,173 per 40-foot container, surpassing the 10-year average rate of $2,678 by $495. Notably, the 10-year average was influenced by the exceptional 2020–22 COVID period, contributing to inflation.
Global Freight Routes Experience Shifts
Specific trade routes experienced significant fluctuations. Notably, freight rates from Rotterdam to Shanghai surged by 50%, witnessing a $323 increase to reach $975 per 40-foot container.
Shanghai to Los Angeles routes saw a 38% increase, amounting to a $1,070 rise, reaching $3,860 per feu.
Meanwhile, rates from Shanghai to New York increased by 35%, reaching $5,644 per 40-foot box.
East-West Spot Rates Projection
Drewry anticipates a further increase in East-West spot rates in the upcoming weeks.
This projection is attributed to the evolving situation in the Red Sea/Suez region, suggesting potential challenges and disruptions that may impact global shipping dynamics.
The surge in Drewry’s World Container Index to $3,777 per 40-foot container indicates dynamic shifts in global trade dynamics. As we navigate these seas of change, stakeholders in the shipping industry should stay vigilant, adapting strategies to cope with evolving market conditions. Drewry’s projections of increasing East-West spot rates underscore the need for proactive measures in response to the unfolding developments in the Red Sea/Suez region.
Source: Drewry Shipping
