According to Drewry's data, container spot freight rates from Shanghai - Rotterdam fell sharply by 18%, to $2,192/FEU, down $495 in the past week.
According to Drewry's data, container freight rates from Shanghai - Rotterdam fell 18% to $2,192/FEU, down $495. Rates for the Shanghai-Rotterdam route are now 84% lower than in the same period last year - the boom time in 2020 and 2021. Rates are falling sharply and are close to returning to pre-pandemic levels.
Drewry's composite World Container Index (WCI) fell 7% last week at $2,404.46 per FEU. This is the 39th consecutive week of price declines and is now down more than 74% year-on-year and 77% below the peak of $10,377/FEU in September last year.
The Shanghai Containerized Freight Index (SCFI) fell 5.9% from the previous week at 1,229.9 points.
According to Drewry, rates on the Shanghai–Los Angeles route fell 3% to $2,069/FEU, while rates from Shanghai–New York fell 4% to $4,846/FEU.
The analyst forecast, "Drewry expects weekly rates to decline to a lesser extent over the next few weeks."
Europe remains one of the most important and promising export markets for Vietnamese enterprises, especially following the implementation of the EU–Vietnam Free Trade Agreement (EVFTA). With a population of over 740 million and a total GDP of approximately USD 18 trillion, the region has a strong and diverse demand for imports ranging from agricultural products and processed foods to industrial goods, electronics, and textiles.
The Trump administration is planning to import eggs from Turkey and South Korea while negotiating with other countries in an effort to lower record-high prices for American consumers, officials have confirmed.
On February 13, President of USA's Donald Trump signed a new executive order on tariffs, marking a decisive step in reshaping U.S. trade policy. This order aims to increase import tariffs on trade partners with significant trade surpluses with the U.S., including Vietnam.
On May 18, 2025, Glotrans HCM officially entered its 13 years of operation, marking an ever-growing journey in international logistics and freight forwarding.
Today marks a significant milestone – 13 years of establishment and development of Glotrans Hanoi, under Global Transport and Logistics Limited Company (Glotrans). This is not only a moment to reflect on the journey we have taken, but also an opportunity to express our gratitude to those who have contributed to building a resilient, courageous, and ever-growing Glotrans Hanoi.
Glotrans would like to send to our Customers and Partners the holiday schedule for April 30, 2025 & May 1, 2025 as follows:
