Ports have attracted a lot of attention this year as global demand for goods has led to a surge in demand for containers. Meanwhile many ports remain blocked, unable to process the large amount of goods being delivered.
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. Last week the index increased marginally by 2% or $192 to reach $9,613.28 per 40ft container, 360% higher than the same week in 2020.
World Container Index (USD per 40ft container)
Freight rates from Shanghai to Los Angeles soared 6% or $647 to reach $10,969 per 40ft container, a change of 242% Y-o-Y. Spot rates on Shanghai to Genoa gained $268 to reach $13,261 for a 40ft box. Similarly, rates on Rotterdam to New York grew 1% or $45 to $6,435 per feu. However, rates on Los Angeles – Shanghai plunged 7%, a decrease of $103 to $1,358 per feu. Rates from New York to Rotterdam dropped 1% or $17 to reach $1,154 per 40ft box. Freight rates on Shanghai to Rotterdam, Shanghai to New York and Rotterdam to Shanghai remained stable at previous weeks level.
With demand remaining high, Drewry stated that they expect rates to increase further in the coming week.
The abovementioned comes as positive news for Luka Koper, whose results are expected to be released on Friday, Aug 27th.
