New Drewry data shows import demand boosting trans-Pacific rates

Drewry’s World Container Index rose 2% to $4,585 per 40-foot container, supported by higher rates on trans-Pacific and Asia-Europe routes as strong U.S. import demand and carrier capacity cuts bolstered pricing.

Shanghai-to-Los Angeles rates increased 2% to $8,007 per 40-foot container, while Shanghai-to-New York rates edged up 1% to $10,166. Drewry expects trans-Pacific rates to remain stable next week, with U.S. import demand continuing to support the market despite an increase in available capacity.

Carriers have announced only two blank sailings on the trans-Pacific for next week, down from six this week, according to figures from Drewry’s Container Capacity Insight. The service tracks scheduled and canceled sailings, effective capacity and port congestion across major trade lanes.

Rates from Shanghai to Rotterdam rose 3% to $3,632 per 40-foot container, while Shanghai-to-Genoa rates increased 5% to $4,152.

This story was originally published by FreightWaves. Read the full story at FreightWaves →