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."
On the afternoon of October 1, at the meeting on the socio-economic situation in the first 9 months of 2024, the Department of Planning and Investment of Ho Chi Minh City said that many economic indicators have grown steadily. Notably, export turnover is on a recovery trend and has grown.
In the first eight months of 2024, Vietnam earned nearly VND 4 trillion from tea exports, surpassing the total export revenue of last year.
Australia has made another stride in its agriculture sector by announcing an agreement to export plums to Vietnam in the near future, in addition to the current exports of peaches and nectarines. This project is part of a two-way agricultural market access agreement aimed at providing Australian plums to Vietnam and Vietnamese passion fruit to Australia.
Today marks a significant milestone for Glotrans: our 5-year anniversary as a valued member of the WWPC Logistics Network.
On behalf of the entire Glotrans team, we would like to extend our warmest wishes to you and your loved ones for a prosperous, healthy, and joyful Lunar New Year 2025.
Dear Customers and Partners, Glotrans would like to announce the 2025 Lunar New Year holiday schedule as follows: Holiday: From January 25, 2025 (Saturday) to February 2, 2025 (Sunday) Back to work: February 3, 2025 (Monday)
