IAA PortNews is not the author of this article and the editorial opinion can differ from that of the author.

IAA PortNews is not the author of this article and the editorial opinion can differ from that of the author.

  • Источник: https://www.seatrade-maritime.com

    2022 November 25

    Asia – Europe container spot rate plunge continues

    Marcus Hand

    Drewry reported that Shanghai – Rotterdam had declined 18% to $2,192 per feu, a drop of $495. The rate between Shanghai and Rotterdam is now 84% lower than it was year ago as the boom seen in 2020 and 2021 is almost completely wiped out.

    Drewry’s composite World Container Index (WCI) was down 7% last week at $2,404.46 per forty box, its 39th consecutive weekly drop and 74% lower than the same time a year earlier, and 77% below the peak of $10,377 per feu in September last year.

    The Shanghai Containerized Freight Index (SCFI) was down 5.9% on the previous week at 1,229.9 points.

    According to Drewry rates on on Shanghai – Los Angeles 3% to $2,069 per feu, while rates from Shanghai – New York slipped 4% to $4,846 per 40 foot box.

    Looking ahead the analyst said, “Drewry expects smaller week-on-week reductions in rates in the next few weeks.”