8% decrease in container shipping rates

reported by Mehr News Agency, two key container shipping indices, namely Shanghai Container Shipping (SCFI) and Drewry Index (WCI), on September 6th, faced a decrease of 8% compared to the previous week and According to this report, the SCFI index decreased by 236.8 points to 2726.58 points, which is equivalent to 8% decrease. Also, Drewry’s WCI index also decreased to $4,775 for each 40-foot container, which also decreased by 8%.

Container freight rates from Shanghai to Rotterdam decreased by 14%, equivalent to $985, to $6,219 per 40-foot container. Also, shipping goods from Shanghai to Genoa decreased by 12%, equivalent to $769, to $5,842 per 40-foot container.

Analysts believe that the reason for the decrease in rates is the decrease in demand. According to analysts at the Drewry Institute, shipping rates between Asia and Europe are expected to decrease in the coming weeks due to the possible threat of a strike by the Port Workers International Association of America, and rates rose 16 percent to $304 last week on the Rotterdam-New York route. found and reached $2,212 per 40-foot container.

At the end of the report, the WCI index is now 54% below the $10,377 rate at the height of the pandemic Corona in September 2021 and 236% higher than the average rate of $1,420 in 2019 before the Corona epidemic.