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LONDON – Spot container rates have now fallen four weeks in a row after six consecutive weeks of big increases. Spot rates overall fell 7.1% this week to $1,561 per 40-foot container.
According to Drewry’s World Container Index tracking indicator, spot rates from Shanghai to Los Angeles fell 4% to $2,162, while Shanghai to New York saw a sizable 11% dip to $3,032.
Over the past four weeks, spot rates have fallen about 12%.
Overall, spot rates are down 68.4% from the same week last year. Rates are 85% below the peak of $10,377 reached in Sept. 2021, but still 10% higher than the average 2019 pre-pandemic rates of $1,420.
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