Global container shipping rates increased significantly this week, according to the latest Drewry World Container Index (WCI), reflecting ongoing pressure on international supply chains and key trade routes.
The index rose 8% to $2,123 per 40-foot container, driven largely by sharp increases on the Asia–Europe trade lane, along with moderate gains on the Transpacific routes.
© Sven Hansche | DreamstimeFreight rates from Shanghai to Rotterdam climbed 19% to $2,443 per container, while rates from Shanghai to Genoa increased 10% to $3,120. Analysts attribute the rise to capacity management by shipping lines and limited sailing cancellations. Only five blank sailings have been scheduled for the Asia–Europe route next week, indicating relatively tight supply.
Shipping companies including MSC and CMA CGM have also announced higher FAK (Freight All Kinds) rates, set to take effect on 22 March, which is expected to place further upward pressure on freight prices.
Rates on the Transpacific routes also rose. Freight from Shanghai to Los Angeles increased 4% to $2,503 per container, while the Shanghai to New York route saw a 3% increase to $3,080.
Drewry also noted that seven blank sailings are planned for the upcoming week on Transpacific East and West Coast routes, as carriers continue to adjust capacity to stabilise pricing.
© Drewry
Geopolitical tensions, particularly the ongoing conflict in the Middle East, are also contributing to volatility in global logistics networks. Drewry expects container shipping rates to continue rising in the coming weeks as carriers manage capacity and external disruptions affect supply chains.
More information:
Drewry
www.drewry.co.uk
