Europe-Asia backhaul rates dropped for the first time since mid-March in the week of April 25, according to the latest release of the World Container Index.
The Europe-to-Asia eastbound rate from Rotterdam to Shanghai fell 1.3 percent or $14 to $1,077 per 40-foot container, after holding steady at $1,091 the week before. Despite the drop, the current rate is up 15 percent or $141 since the beginning of the year and up 86 percent year-over-year.
The trans-Pacific westbound rate from Los Angeles to Shanghai fell to $951 per FEU in the week of April 18, down 5.3 percent or $53 from the week before. This is the largest decline in this trade lane since mid-April 2012 when the rate fell over 10 percent. This week, the rate remained at $951. The current rate is 8.8 percent or $77 higher than it was at the beginning of the year and 11.8 percent higher than it was at the same point a year ago.