Backhaul east-west container rates slipped last week in the Europe-to-Asia and trans-Pacific westbound lanes after racking up strong gains in both lanes the week before, according to the latest release of the World Container Index.
World Container Index Rates to Shanghai
Europe-to-Asia eastbound rates from Rotterdam to Shanghai dropped $1 per 40-foot container to $1,050. The week before, the index had gained $64 or 6.5 percent in the strongest weekly gain in several months. As of Feb. 14, the index was 122 percent higher than where it stood at the same point in 2012.
Trans-Pacific westbound rates as expressed in FEUs from Los Angeles to Shanghai slipped $11 per FEU to $910, after having gained $79 or 9.4 percent the week before, also in the strongest weekly gain in many months. The index remained 18.6 percent higher than it was at the same point a year ago.