New Gains for Container Rates as Key Ocean Routes Improve
Drewry’s World Container Index experienced a 7% increase in the latest week’s data, settling at $1,927 per 40-ft. container.
The uptick can be attributed mainly to rate adjustments on key trans-Pacific and Asia–Europe trade routes, the London-based analyst said. Notably, on the trans-Pacific headhaul spot rates displayed a recovery as of Dec. 4, reversing the downward trend observed over the preceding weeks. Rates from Shanghai to Los Angeles rose by 8% reaching $2,256 per 40-ft. container, and those to New York increased by 6% to $2,895...