DREWRY’S bongdaso decreased by 1% to US95 per 40-foot container this week.
The composite bongdaso has increased by 64% when compared with the same week last year and it is 97% more than average 2019 (pre-pandemic) rates of US20.
The average composite index for the year-to-date is US33 per 40-foot bongdaso, which is US6 higher than the 10-year average rate of US07 (which was inflated by the exceptional 2020-22 covid period).
Freight rates from Shanghai to New York decreased 4% or US4 to US10 per FEU.
Similarly, rates from Rotterdam to Shanghai dropped 3% or US to US7 per 40-foot box.
Likewise, rates on Shanghai to Los Angeles declined 2% or US to US34 per 40-foot bongdaso.
Also, rates from Shanghai to Rotterdam and Rotterdam to New York fell 1% to US50 and US24 per 40-foot box respectively, while rates on Los Angeles to Shanghai increased 1% or US to US3 per 40-foot bongdaso.
At the same time, rates from Shanghai to Genoa and New York to Rotterdam remained stable at the previous week’s level.
Drewry expects a minor decrease in trans-Pacific spot freight rates, whereas trans-Atlantic and Asia-Europe head towards
Source: https://www.thedcn.com.au/region/australia/world-bongdaso-index-drops-1/
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