Shipping News: freight rates rise again in January 2022!

Drewry latest Composite World Container Index rose 1.1% to $9,408.81 per 40-foot container, still 80% higher than the same period last year. Getting Juxing graphite electrode products detailed information. Drewry year-to-date WCI average composite index is $9,409 per 40-foot container, $6,574 higher than the five-year average of $2,835 per 40-foot container.

After a steady decline in trans-Pacific shipping rates since mid-September 2021, we are now seeing a fifth straight week of increases, according to the Drewry Index. Shanghai-los Angeles and Shanghai-New York freight rates rose 3% to $10520 and $13518 per 40-foot container, respectively. Shanghai-rotterdam and Shanghai-Genoa prices are hovering near the levels of previous weeks. Drewry expects interest rates to rise in the coming week due to the lunar new year.

Last week, China's export container transportation market was generally stable, and the ocean routes freight rates remained high. On January 7, the Shanghai Container Export Composite Freight Index (SCFI) released by Shanghai Shipping Exchange broke through 5100 points for the first time, reaching 5109.60 points, an increase of 62.94 points from the previous period, reading more shipping news contact us.