Drewry Hong Kong to Los Angeles Container Rate Benchmark

Spot rates on containerized freight as quoted per 40-foot container (FEU) from Hong Kong to the Los Angeles on a weekly basis, based on the weekly Hong Kong-Los Angeles Container Rate Benchmark, a bellweather trans-Pacific eastbound spot rate index issued each Wednesday by Drewry Shipping Consultants. This benchmark reflects the spot rates of the Hong Kong export container transport market. The freight indices reflects the ocean freight and the associated seaborne surcharges of individual shipping routes on the spot market. Source: http://www.drewry.co.uk/

Drewry Container Rate Benchmark, Oct 16, 2013, Source: Drewry
Trans-Pacific | Oct 18, 2013 8:21AM EDT
The average spot freight rate in the eastbound trans-Pacific trade lost another $50 per 40-foot-equivalent unit this week, the sixth straight week without an increase. Rates have fallen $350 during this slump.
Drewry Container Rate Benchmark, Oct 9, 2013. Source: Drewry
Trans-Pacific | Oct 9, 2013 11:26AM EDT
The average spot freight rate in the eastbound trans-Pacific trade experienced another $100 per 40-foot-equivalent unit drop this week, the third weekly decrease of the same amount since a $250 jump in the week of Sept. 4, due to a Sept. 1 general rate increase in the lane. The current rate now sits at its lowest level since Mar. 7, 2012.
Drewry Container Rate Benchmark, Sept 18, 2013. Source: Drewry
Trans-Pacific | Sep 18, 2013 7:30PM EDT
The average spot freight rate in the eastbound trans-Pacific trade dropped $100 per 40-foot-equivalent unit this week. Just $50 remains of the $250 it gained in the week of Sept 4. An increase of $400 per FEU was originally proposed by the Transpacific Stabilization Agreement for Sept. 1.
Drewry Container Rate Benchmark, Sept 11, 2013. Source: Drewry
Trans-Pacific | Sep 11, 2013 1:24PM EDT
The average spot freight rate in the eastbound trans-Pacific trade fell $100 per 40-foot-equivalent unit this week, giving up much of the $250 per FEU gain seen last week.
Drewry Container Rate Benchmark, Sept. 4, 2013. Source: Drewry
Trans-Pacific | Sep 4, 2013 12:27PM EDT
The average spot freight rate in the eastbound trans-Pacific trade increased $250 per 40-foot-equivalent-unit container this week, achieving 62.5 percent of the proposed $400 per FEU increase recommended by the Transpacific Stabilization Agreement for September 1.
Drewry Container Rate Benchmark, Aug. 28, 2013
Trans-Pacific | Aug 28, 2013 1:05PM EDT
The average spot freight rate in the eastbound trans-Pacific trade dropped this week for the third consecutive week, with the rate falling below the level prior to the last general rate increase on Aug. 1.
Drewry Container Rate Benchmark, Aug. 21, 2013. Source: Drewry
Trans-Pacific | Aug 21, 2013 11:17AM EDT
Average eastbound trans-Pacific spot container rates fell another $100 per 40-foot-equivalent unit this week, wiping out the $200-per-FEU gain achieved from the Aug. 1 rate increase.
Drewry Container Rate Benchmark, Aug. 14, 2013. Source: Drewry
Trans-Pacific | Aug 16, 2013 12:05PM EDT
Average eastbound spot container rates in the trans-Pacific lost half of the $200 per 40-foot-equivalent-unit increase gained as the result of a planned Aug. 1 rate increase. The $200 that carriers had achieved was just 50 percent of the proposed peak-season surcharge of $400 per FEU announced by the Transpacific Stabilization Agreement to begin with. This leaves only a $100 gain, which was all that resulted from the $400 GRI set for July as well.
Drewry Container Rate Benchmark, August 7, 2013. Source: Drewry
Trans-Pacific | Aug 7, 2013 10:16AM EDT
Average eastbound spot rates on the trans-Pacific held on to the $200 per 40-foot-equivalent unit increase that it achieved last week, due to a planned August 1 rate increase. The Drewry Hong Kong-Los Angeles container freight rate benchmark remained at $2,136 per FEU in the week of August 7.
Drewry Container Rate Benchmark, July 31, 2013. Source: Drewry
Trans-Pacific | Jul 31, 2013 11:27AM EDT
Average eastbound spot rates on the trans-Pacific soared $200 per 40-foot-equivalent unit this week, one day ahead of a planned August 1 rate increase. This indicates carriers have achieved approximately half of the peak-season surcharge of $400 per FEU proposed by the Transpacific Stabilization Agreement.
Drewry Container Rate Benchmark, July 24, 2013. Source: Drewry
Trans-Pacific | Jul 24, 2013 12:04PM EDT
Average eastbound spot rates on the trans-Pacific resumed their slide this week following the 21.8 percent increase that resulted from the July 1 general rate increase.
Drewry Container Rate Benchmark, July 17, 2013. Source: Drewry
Trans-Pacific | Jul 17, 2013 12:34PM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained unchanged in the week of July 17, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. In the previous weeks it had fully achieved a $400 per 40-foot container general rate increase set for July 1, but lost half of those gains last week.
Drewry Container Rate Benchmark, July 10, 2013. Source: Drewry
Trans-Pacific | Jul 10, 2013 11:38AM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark eroded in the week of July 10, giving up half of the $400 gain it achieved from the July 1 general rate increase, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark.
Drewry Container Rate Benchmark, July 3, 2013. Source: Drewry
Trans-Pacific | Jul 3, 2013 9:50AM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark increased $400 in the week of July 3, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This means that “the $400 per 40-foot container general rate increase recommended by the Transpacific Stabilization Agreement for July 1 was fully accepted by the market,” Drewry said in its latest release.
Drewry Container Rate Benchmark, June 26, 2013. Source: Drewry
Trans-Pacific | Jun 26, 2013 11:00AM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark dropped 6.2 percent in the week of June 26, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes only days ahead of the July 1 general rate increase.
Drewry Container Rate Benchmark, June 19, 2013. Source: Drewry
Trans-Pacific | Jun 19, 2013 10:37AM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
Drewry Container Rate Benchmark, June 12, 2013. Source: Drewry
Trans-Pacific | Jun 12, 2013 10:21AM EDT
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained unchanged in the week of June 12, following major losses in the previous week that dropped overall achievement of the May 21 GRI to 14 percent or $57.
Trans-Pacific | Jun 5, 2013 2:51PM EDT
Drewry Container Rate Benchmark, June 5, 2013Drewry Container Rate Benchmark, June 5, 2013

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