Container prices 160% higher than a year ago.

Drewry World container index slightly felt 2% to $4,351 per 40ft container last 30 days but remains 2,6 times higher than a year ago. Downward trends of last month were driven by a decrease in rates on the Transpacific and Asia-Europe trade routes as demand weakened in China.

Transpacific trade rates a record

On the Transpacific trade, rates from Shanghai to Los Angeles fell 3% to $7,624 per 40ft container, and Shanghai to New York decreased 2% to $10,220 per 40ft container. The extended US–China trade truce could support a rebound in US-bound demand. Drewry expects rates to remain stable next week. On the Asia–Europe trade, rates from Shanghai to Rotterdam fell 2% to $3,337 per 40ft container, while those from Shanghai to Genoa remained stable at $3,696 per 40ft container. 

Source: Drewry

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