Global container freight rates remained stable this week, but rising fuel costs linked to Middle East tensions are expected to push prices higher in the near term.
© Tawatchai Prakobkit | Dreamstime
Drewry's World Container Index held at $2,287 per 40ft container, with limited movement across key East-West trade routes. Asia–Europe rates remained largely steady, with Shanghai–Genoa increasing 2% to $3,529, while Shanghai–Rotterdam was unchanged at $2,543.
On Transpacific routes, rates to New York edged up 1% to $3,434, while prices to Los Angeles fell slightly by 1% to $2,663.
Despite current stability, mounting pressure on bunker fuel supplies, driven by disruptions in the Strait of Hormuz, is increasing costs. Carriers are responding with measures including "emergency bunker surcharges", slow steaming and alternative refuelling strategies.
Maersk is seeking approval to introduce surcharges, highlighting the growing volatility in fuel pricing.
© Drewry
With capacity remaining relatively stable and limited blank sailings, Drewry expects freight rates to rise in the coming weeks as higher operating costs filter through the market.
More information:
Drewry
www.drewry.co.uk
