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Drewry's World Container Index composite index increased by 1.1% to $9,477.46 per 40ft container, and is 81% higher than the same week in 2021. The average composite index for year-to-date is $9,458 per 40ft container, which is $6,416 higher than the five-year average of $3,041 per 40ft container.

Freight rates on Shanghai - Los Angeles grew 3% or $348 to reach $11,030 per feu. Rates on Rotterdam - Shanghai surged 3% to reach $1,439 per 40ft box.

Similarly, spot rates on Shanghai - New York gained 1% or $97 to $13,160 per 40ft container. However, rates on New York - Rotterdam fell 1% to $1,198 per feu. Rates on Shanghai - Rotterdam, Shanghai - Genoa, Los Angeles - Shanghai and Rotterdam - New York hovered around previous weeks level.


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