The spot rates for global container shipping have been declining this week, according to Drewry’s World Container Index (WCI).
The index showed a 6% decrease to $3,287 per 40ft container on Thursday March 7.
Rates for 40ft containers from Shanghai to Rotterdam also dropped by 7% to $3,650.
Similarly, freight rates from Rotterdam to Shanghai, Shanghai to Genoa and Shanghai to New York dropped by 6% to $861, $4,449 and $5,458 per feu respectively. Followed by rates on Shanghai to Los Angeles which reduced by 5% or $214 to $4,272 per 40ft container.
The report anticipates a gradual decrease in spot rates over the incoming weeks, but without a sudden crash.