Container tariffs are 539% more expensive than one year ago
Container tariffs are 539% more expensive than one year ago
Container tariffs are 539% more expensive than one year ago
The spot rates in container liner shipping have grown explosively again last week, according to the leading Shanghai Containerized Freight Index (SCFI). On the Shanghai-Northern Europe route, the average fare jumped to $ 5438 per TEU. A week earlier that was still $ 4678 per TEU.
The tariff level at the end of December was 3797 dollars per TEU, which at the time seemed to be the apotheosis, is now starting to look like a bargain.
The World Container Index of maritime consultant Drewry calculated an average rate of $ 8976 per FEU (forty-footer) for the Shanghai-Rotterdam route last week, an increase of 7% in a week. Compared to a year ago, you now pay 539% more for a container from Shanghai to Rotterdam, according to Drewry statistics.
Most expensive ports
Nowhere are shippers as expensive as in Rotterdam and other Northern European ports. The Shanghai-Los Angeles route, which saw the most staggering price increases in the run-up to Christmas, now has an average rate of $ 5255 per FEU, “only” 200% more than this time last year, according to Drewry.
On the outbound route from Rotterdam to Shanghai, the rates grew by 9% last week, but the price level is a lot more modest. The average rate was $ 1,521 per FEU, 64% more expensive than a year ago.
The transport of a container from Rotterdam to New York has a higher price: USD 3,550 per FEU. The route to Rotterdam is a lot cheaper: $ 888 per FEU, although that is still 76% more expensive than a year ago.
In any case, rates are currently rising in all major sailing areas. The global SCFI rose to 3,343 points on Friday, almost 250 points more than the week before. At the end of April it was still unique that the index broke through the threshold of 3000 points. Drewry’s overall World Container Index shot 4.7% to $ 5,727 per FEU last week.
Rogier Vervoort is co-owner of Trident Container Leasing B.V. With 30 years of experience in the container business, he is a specialist in container leasing and trading.
Container tariffs are 539% more expensive than one year ago
The spot rates in container liner shipping have grown explosively again last week, according to the leading Shanghai Containerized Freight Index (SCFI). On the Shanghai-Northern Europe route, the average fare jumped to $ 5438 per TEU. A week earlier that was still $ 4678 per TEU.
The tariff level at the end of December was 3797 dollars per TEU, which at the time seemed to be the apotheosis, is now starting to look like a bargain.
The World Container Index of maritime consultant Drewry calculated an average rate of $ 8976 per FEU (forty-footer) for the Shanghai-Rotterdam route last week, an increase of 7% in a week. Compared to a year ago, you now pay 539% more for a container from Shanghai to Rotterdam, according to Drewry statistics.
Most expensive ports
Nowhere are shippers as expensive as in Rotterdam and other Northern European ports. The Shanghai-Los Angeles route, which saw the most staggering price increases in the run-up to Christmas, now has an average rate of $ 5255 per FEU, “only” 200% more than this time last year, according to Drewry.
On the outbound route from Rotterdam to Shanghai, the rates grew by 9% last week, but the price level is a lot more modest. The average rate was $ 1,521 per FEU, 64% more expensive than a year ago.
The transport of a container from Rotterdam to New York has a higher price: USD 3,550 per FEU. The route to Rotterdam is a lot cheaper: $ 888 per FEU, although that is still 76% more expensive than a year ago.
In any case, rates are currently rising in all major sailing areas. The global SCFI rose to 3,343 points on Friday, almost 250 points more than the week before. At the end of April it was still unique that the index broke through the threshold of 3000 points. Drewry’s overall World Container Index shot 4.7% to $ 5,727 per FEU last week.
Rogier Vervoort is co-owner of Trident Container Leasing B.V. With 30 years of experience in the container business, he is a specialist in container leasing and trading.