After two stagnant weeks, trans-Pacific westbound rates rose in the week of March 28 while Europe-Asia lanes remained unchanged, according to the latest release of the World Container Index.
The Trans-Pacific westbound rate from Los Angeles to Shanghai jumped 3.9 percent or $37 over last week to $983 per 40-foot container. The current rate is 12.5 percent or $109 higher than it was at the beginning of the year and 5.8 percent higher than it was at the same point a year earlier. Rates have been gradually increasing in this lane throughout 2013, and this is the highest rate this year so far.
The Europe-to-Asia eastbound rate from Rotterdam to Shanghai remained at $1,061 per FEU for the second week. The rate remains up 13.4 percent or $125 since the beginning of the year. It is up 95.8 percent year-over-year from $542 during the same week in 2012.