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 ( THC ) at the destination .
Shanghai to Rotterdam Rate
CONTINUES TO DECREASE : The September 5 , 2024 spot rate from Shanghai to Rotterdam was $ 6,219 per FEU , down $ 985 ( 13.7 %) from the previous week . The rate is up $ 4,604 ( 285.1 %) year over year , and up $ 4,552 ( 273.1 %) 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
09 / 05 / 2024
Shanghai to Los Angeles Rate
DOWN SLIGHTLY : The September 5 , 2024 spot rate from Shanghai to Los Angeles was $ 6,030 per FEU , down $ 218 ( 3.5 %) from the previous week . The rate is up $ 3,813 ( 172.0 %) year over year , and up $ 3,930 ( 187.1 %) 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
09 / 05 / 2024
Rotterdam to New York Rate
MAKES GAINS : The September 5 , 2024 spot rate from Rotterdam to New York was $ 2,212 per FEU , up $ 304 ( 15.9 %) from the previous week . The rate is up $ 650 ( 41.6 %) year over year , and up $ 732 ( 49.5 %) 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
09 / 05 / 2024
New York to Rotterdam Rate
SLIPS : The September 5 , 2024 spot rate from New York to Rotterdam was $ 732 per FEU , down $ 11 ( 1.5 %) from the previous week . The rate is down $ 25 ( 3.3 %) year over year , and up $ 140 ( 23.6 %) from yearend 2023 .
$ 3,000
$ 2,400
$ 1,800
$ 1,200
$ 600
High : $ 2,141 07 / 14 / 2011 Low : $ 442 07 / 28 / 2016
$ 0 06 / 23 / 2011
09 / 05 / 2024
Los Angeles to Shanghai Rate
TICKS UP : The September 5 , 2024 spot rate from Los Angeles to Shanghai was $ 714 per FEU , up $ 4 ( 0.6 %) from the previous week . The rate is down $ 126 ( 15.0 %) year over year , and down $ 60 ( 7.8 %) 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
09 / 05 / 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 September 23 , 2024 | Journal of Commerce 59