As of July 29, the Drewry Composite World Container Index (Drewry Composite World Container Index) rose by $344 from a week ago to $9,330.28/feu. As of the end of June, the index was US$8,399.09 per feu, which is equivalent to an increase of nearly US$1,000 per feu over the previous month.
The situation of the Shanghai Container Freight Index (SCFI) is similar, which rose 96.24 points to 4196 points on July 30, compared with 4100 points last week. As of the end of June, the index was 3905.14 points.
Drewry emphasized that freight rates for ships from Asia to the east and west coasts of the United States have increased significantly. The spot freight from Shanghai to New York rose by 13% ($1562) to $13,434 per feu, while the freight from Shanghai to Los Angeles rose by 6% ($550) to $10,503 per feu.
"Although interest rates are already 368% higher than a year ago on average, Drewry expects interest rates to rise further in the coming weeks," the analyst said.
In June, the reliability of the shipping company's flights remained at around 40%
Despite continuous port congestion and supply chain problems around the world, the reliability of container liner schedules remains basically unchanged.
According to sea intelligence, which compiled statistics on 34 different industries and more than 60 routes, the reliability of ship schedules has been hovering around 40% since March 2021. Although the average dispatch reliability is well below the 65-85% range in 2018 and 2019,
The reliability of the timetable in June increased by 0.8% from the previous month to 39.5%, but it was a significant drop of 38.2 percentage points year-on-year.
Maersk Line was the most reliable shipping company in June, with a shipping schedule reliability of 49.7% and Wanhai Shipping Company's 21.2%.
