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April 29, 2025
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Drewry Reports 3% Decline in Global Container Rates as Market Faces Growing Challenges

India,

Global container rates fell by 3% week-on-week, reaching $5,181 per 40 ft unit as of August 29, down from $5,319 the previous week. Despite the decline, rates remain significantly higher than a year ago, up 200% from $1,740 per FEU. On a month-on-month basis, rates dropped by 10%, or $555 per unit, since August 1.

Drewry’s latest index shows container rates are 50% below the pandemic peak of $10,377 in September 2021 but still 265% above the pre-pandemic 2019 average. While carriers face challenges in halting the rate slide, Maersk noted strong demand, with projected market growth of 4-6% in 2024. Specific routes saw rate declines from Shanghai to Rotterdam and Los Angeles, while some routes remained stable.

By Priyadharshini

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