Drewry sees resurging boxship rates

Drewry's index of spot rates for containers reached the highest level since March 2015 in the wake of the Hanjin bankruptcy and as container alliances rationalise boxship capacity.

The latest weekly reading of the World Container Index is $1,770 per forty-feet equivalent unit (FEU).

The gain reflects increases on individual lanes to $1,785 for the Rotterdam-New York index (up $4 this week), $2,210 for the Shanghai-Rotterdam index (up $257 this week) and $2,106 for the Shanghai-Los Angeles index (up $545 this week).

Drewry