News / Spot rates ex-China set to hit five figures – high street prices will rise, warning

© Mr.siwabud Veerapaisarn

There were further double-digit increases in container spot freight rates this week, after a series of general rate increases and other surcharges came into effect on 1 June, a day or two after last week’s indices were published.

Drewry’s World Container Index (WCI) recorded week-on-weeks gains of 14%, 17% and 11% on its Shanghai-Rotterdam, Shanghai-Genoa and Shanghai-Los Angeles routes, respectively.

Its reading for the Asia-North Europe leg stood at $6,032 per 40ft, while Xeneta’s spot rate XSI index for the same route ...