By the Numbers
World Container Index assessed by Drewry
The rate assessment is published by the World Container Index assessed by Drewry and includes the base ocean rate , the fuel surcharge and all other surcharges , but not the Terminal Handling Charge at the destination .
Shanghai to Rotterdam Rate
CONTINUES TO DROP : The March 21 , 2024 , spot rate from Shanghai to Rotterdam was $ 3,209 per FEU , down $ 264 ( 7.6 %) from the previous week . The rate was up $ 1,656 ( 106.6 %) year over year and $ 1,542 ( 92.5 %) from year-end 2023 .
15,000
12 , 000
$ 9,000
$ 6,000
$ 3 , 000
H igh : $ 14 , 807 10 / 07 / 2 02 1 L ow : $ 3 13 03 / 2 4 / 2 016
$ 0 06 / 2 3 / 2 011
03 / 2 1 / 2 02 4
$ 15,000
Shanghai to Los Angeles Rate
$ 12 , 000 STILL FALLING : The March 21 , 2024 , spot rate from Shanghai to Los Angeles was
$ 9,000
$ 3,934 per FEU , down $ 148 ( 3.6 %) from the previous week . The rate was up $ 2,021
$ 6,000
( 105.6 %) year over year and $ 1,834 ( 87.3 %) from year-end 2023 .
$ 3 , 000
H igh : $ 12 , 4 2 4 09 / 16 / 2 02 1 L ow : $ 7 54 04 / 2 8 / 2 016
$ 0 06 / 2 3 / 2 011
03 / 2 1 / 2 02 4
Rotterdam to New York Rate
INCHES HIGHER : The March 21 , 2024 , spot rate from Rotterdam to New York was $ 2,281 per FEU , up $ 39 ( 1.7 %) from the previous week . The rate was down $ 3,045 ( 57.2 %) year over year and $ 801 ( 54.1 %) from year-end 2023 .
$ 9,000 $ 7 , 500 $ 6,000 $ 4 , 500 $ 3 , 000 $ 1,500
H igh : $ 7 , 4 2 6 11 / 03 / 2 02 2 L ow : $ 1,4 80 12 / 2 1 / 2 02 3
$ 0 06 / 2 3 / 2 011
03 / 2 1 / 2 02 4
New York to Rotterdam Rate
TICKS UP : The March 21 , 2024 , spot rate from New York to Rotterdam was $ 658 per FEU , up $ 14 ( 2.2 %) from the previous week . The rate was down $ 505 ( 43.4 %) year over year but up $ 66 ( 11.1 %) from year-end 2023 .
$ 3 , 000
$ 2 , 4 00
$ 1,800
$ 1,2 00
$ 600
H igh : $ 2 , 14 1 07 / 14 / 2 02 1 L ow : $ 4 4 2 07 / 2 8 / 2 016
$ 0 06 / 2 3 / 2 011
03 / 2 1 / 2 02 4
Los Angeles to Shanghai Rate
SLIPS AGAIN : The March 21 , 2024 , spot rate from Los Angeles to Shanghai was $ 701 per FEU , down $ 6 ( 0.8 %) from the previous week . The rate was down $ 369 ( 34.5 %) year over year and $ 73 ( 9.4 %) from year-end 2023 .
$ 1,500
$ 1,2 00
$ 900
$ 600
$ 3 00
H igh : $ 1,4 7 9 08 / 05 / 2 02 1 L ow : $ 3 3 6 01 / 14 / 2 016
$ 0 06 / 2 3 / 2 011
03 / 2 1 / 2 02 4
Drewry ( www . drewry . co . uk ) is a consulting firm specializing in international maritime transport , providing bid administration support , benchmarking , best practices , fuel programs , market research , technology and procurement advice .
www . joc . com April 8 , 2024 | Journal of Commerce 51