Container freight rates stabalise after 22 weeks of increases

Container freight rates have stabilised after 22 consecutive weeks of rises based on Drewry’s World Container Index (WCI).
Marcus Hand | Sep 24, 2021
A fully laden 23,000 teu CMA CGM containership at berth in Singapore

The WCI published on 23 September remained steady at $10,377.19 per feu, the same level as the week before, however, up 299% year-on-year.

“This comes following the announcement by CMA-CGM and Hapag-Lloyd to put a halt in increment of spot rates as container prices on most trade lanes are at record highs,” Drewry commented.

For Shanghai – Los Angeles the rate remained flat at $12,424 per feu, while Shanghai – Rotterdam saw a marginal $62 increase to $14,356 per feu.

Drewry said that year-to-date the WCI was up $6,888 per feu.

Looking ahead it said: “Drewry expects rates to remain steady in the coming week.” (Source: Seatrade Maritime News)

Link: https://www.seatrade-maritime.com/containers/container-freight-rates-stabalise-after-22-weeks-increases

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