Ocean freight rates continue to drop

He íworld container price index registered a return to normality in the week of December 15 to 22, 2022 in relation to the week before December 14, and although these are still much lower than last year, prices are still higher than in 2019, before the pandemic.

Data from the latest Drewry Composite Index indicate that de US$2,120 per 40-foot container is now 80% below the peak of US$10,377 reached in September 2021.

“Is a 21% lower than the 10-year average of $2,693indicating a return to more normal prices, but still 49% higher than 2019 average rates (before the pandemic), of US$1,420”, he points out.

At a general level, in the week of December 15 to 22, there was a drop in freight prices of 77% compared to the same week in 2021.

The price of a 40-foot container was worth US$2,119.96 on the referred date. Freight from Shanghai to Rotterdam fell by 87% in annual terms, but without changes in relation to the previous week.

Between Rotterdam and Sahanghai, freight prices registered a decrease of 49% in the week of December 15 to 22 in relation to the previous year, and only 1% compared to the week of December 8 of the 15 of the same month and year. 2022. The rates between these ports closed on December 22, 2022 at US$789 per 40-foot container.

The port from Shanghai to Genoa registered a trifa of US$2,879, for a drop of 78% compared to the same period in 2021, but also 1% less than the previous week of the same month last year.

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Other fees
From Shanghai to Los Angeles, fares for the week of December 15-22, 2022 were 81% lower than those for the same date in 2021, but remained unchanged from the previous week.

In those ports, tariffs of US$1,169 per 40-foot container were verified.. From Shanghai to New York there was a 6% drop in the rate from December 15 to 22, 2022.

The fees were US$3,889. From New York to Rotterdam they fell 6% to close at US$1,263, while from Rotterdam to New York they fell 11% to close at US$6,989. The falls in rates were less pronounced that week, since they did not exceed 0%, -1% and -2%.

Freight rates in Shanghai – New York fell 2% or $63 to $3,889 per feu. Spot rates at Shanghai-Genoa and Los Angeles-Shanghai each fell 1% to $2,879 and $1,169 per 40-foot box.

In Rotterdam-Shanghai and Rotterdam-New York each fell 1% to $789 and $6,989. However, in Shanghai – Rotterdam they gained 2% or $32 to US$1,706 per feu. In New York – Rotterdam and Shanghai – Los Angeles they were around the level of the previous week.

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