Both Europe-Asia and trans-Pacific westbound rates rose in the week of April 4, according to the latest release of the World Container Index.
The Europe-to-Asia eastbound rate from Rotterdam to Shanghai rose 1.4 percent or $15 to $1,076 per FEU this week. This was the first increase since March 7 and puts the rate at its highest point since the JOC began collecting this data in June 2011. The rate is up 15 percent or $140 since the beginning of the year and up 77 percent year-over-year.
The trans-Pacific westbound rate from Los Angeles to Shanghai climbed 2.1 percent or $21 over last week to $1,004 per 40-foot container. The current rate is 14.9 percent or $130 higher than it was at the beginning of the year and 5.7 percent higher than it was at the same point a year ago.