Global container price increases 332% YoY to $8,061 per 40ft container

June 28, 2021: Drewry’s composite World Container index rose 15.9 percent or $1,104 to reach $8,061.65 per 40 ft container, which is 332 percent higher than the same week in 2020.

Freight rates surged on the transpacific lanes, for instance; rates on Shanghai-New York and Shanghai-Los Angeles soared 39 and 34 percent to $11,180 and $8,548 per feu, respectively.

Spot rates on Shanghai-Genoa increased $603 to stand at $11,448 for a 40ft box, which is 540 percent higher than same period in 2020.

Similarly, rates on Shanghai-Rotterdam gained $779 to reach $11,975, a Y-o-Y change of 626 percent.

Likewise, rates on both New York-Rotterdam and Rotterdam-New York grew 3 percent to come in at $1,155 and $4,744 for a 40ft container, respectively.

Drewry expects rates to remain on the higher side in the coming week.