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 Oct . 3 , 2024 , spot rate from Shanghai to Rotterdam was $ 3,815 per FEU , down $ 342 ( 8.2 %) from the previous week . The rate was up $ 2,763 ( 262.6 %) year over year and $ 2,148 ( 128.9 %) from year-end 2023 .
$ 15,000
$ 12,000
$ 9,000
$ 6,000
$ 3,000
High : $ 14,807 10 / 07 / 2021 Low : $ 313 03 / 24 / 2016
$ 0 06 / 23 / 2011
10 / 03 / 2024
Shanghai to Los Angeles Rate
INCHES LOWER : The Oct . 3 , 2024 , spot rate from Shanghai to Los Angeles was $ 5,258 per FEU , down $ 232 ( 4.2 %) from the previous week . The rate was up $ 3,242 ( 160.8 %) year over year and $ 3,158 ( 150.4 %) 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
10 / 03 / 2024
Rotterdam to New York Rate
SLIPS : The Oct . 3 , 2024 , spot rate from Rotterdam to New York was $ 2,061 per FEU , down $ 6 ( 0.3 %) from the previous week . The rate was up $ 497 ( 31.8 %) year over year and $ 581 ( 39.3 %) 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
10 / 03 / 2024
New York to Rotterdam Rate
TICKS UP : The Oct . 3 , 2024 , spot rate from New York to Rotterdam was $ 724 per FEU , up $ 2 ( 0.3 %) from the previous week . The rate was down $ 33 ( 4.4 %) year over year but up $ 132 ( 22.3 %) from year-end 2023 .
$ 3,000
$ 2,400
$ 1,800
$ 1,200
High : $ 2,141 07 / 14 / 2011 Low : $ 442 07 / 28 / 2016
$ 600
$ 0 06 / 23 / 2011
10 / 03 / 2024
Los Angeles to Shanghai Rate
CREEPS DOWN : The Oct . 3 , 2024 spot rate from Los Angeles to Shanghai was $ 715 per FEU , down $ 2 ( 0.3 %) from the previous week . The rate was down $ 112 ( 13.5 %) year over year and $ 59 ( 7.6 %) 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
10 / 03 / 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 October 21 , 2024 | Journal of Commerce 51