Europe-Asia backhaul rates rose for a second straight week by 1.4 percent or $15, according to the latest release of the World Container Index.
The Europe-to-Asia eastbound rate from Rotterdam to Shanghai is up to $1,091 per 40-foot container over last week. The current rate for the week of April 11 is $30 more than it was two weeks ago. The rate is also up 16.6 percent or $155 since the beginning of the year and up 79.4 percent year-over-year.
The trans-Pacific westbound rate from Los Angeles to Shanghai remained at $1,004 per FEU for a second week, up 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.