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 FALL : The March 7 , 2024 , spot rate from Shanghai to Rotterdam was $ 3,650 per FEU , down $ 294 ( 7.5 %) from the previous week . The rate was up $ 2,057 ( 129.1 %) year over year and $ 1,983 ( 119.0 %) from year-end 2023 .
$ 15000
$ 12000
$ 9000
$ 6000
$ 3000
High : $ 14,807 10 / 07 / 2021 Low : $ 313 03 / 24 / 2016
$ 0 06 / 23 / 2011
03 / 07 / 2024
Shanghai to Los Angeles Rate
SLIDES AGAIN : The March 7 , 2024 , spot rate from Shanghai to Los Angeles was $ 4,272 per FEU , down $ 214 ( 4.8 %) from the previous week . The rate was up $ 2,324 ( 119.3 %) year over year and $ 2,172 ( 103.4 %) from year-end 2023 .
$ 15,000
$ 12,000
$ 9,000
$ 6,000
$ 3,000
High : $ 12,424 09 / 16 / 2021 Low : $ 754 04 / 28 / 2016
$ 0 06 / 23 / 2011
03 / 07 / 2024
Rotterdam to New York Rate
DROPS FARTHER : The March 7 , 2024 , spot rate from Rotterdam to New York was $ 2,192 per FEU , down $ 28 ( 1.3 %) from the previous week . The rate was down $ 3,381 ( 60.7 %) year over year but up $ 712 ( 48.1 %) from year-end 2023 .
$ 9,000 $ 7,500 $ 6,000 $ 4,500 $ 3,000 $ 1,500
High : $ 7,426 11 / 03 / 2022 Low : $ 1,480 12 / 21 / 2023
$ 0 06 / 23 / 2011
03 / 07 / 2024
New York to Rotterdam Rate
SLIPS : The March 7 , 2024 , spot rate from New York to Rotterdam was $ 624 per FEU , down $ 9 ( 1.4 %) from the previous week . The rate was down $ 529 ( 45.9 %) year over year but up $ 32 ( 5.4 %) from year-end 2023 .
$ 3,000
$ 2,400
$ 1,800
$ 1,200
$ 600
High : $ 2,141 07 / 14 / 2021 Low : $ 442 07 / 28 / 2016
$ 0 06 / 23 / 2011
03 / 07 / 2024
Los Angeles to Shanghai Rate
INCHES DOWN : The March 7 , 2024 , spot rate from Los Angeles to Shanghai was $ 717 per FEU , down $ 2 ( 0.3 %) from the previous week . The rate was down $ 350 ( 32.8 %) year over year and $ 57 ( 7.4 %) from year-end 2023 .
$ 1,500
$ 1,200
$ 900
$ 600
$ 300
High : $ 1,479 08 / 05 / 2021 Low : $ 336 01 / 14 / 2016
$ 0 06 / 23 / 2011
03 / 07 / 2024
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 March 25 , 2024 | Journal of Commerce 51