The Drewry WCI composite index fell slightly to $3,440 per 40ft container on November 14, 67 per cent below its 2021 peak but 142 per cent higher than 2019 levels.
Freight rates rose on routes from Shanghai to Rotterdam and Rotterdam to New York, but declined from Shanghai to Los Angeles and Rotterdam to Shanghai.
Drewry forecasts rate hikes for Asia-Europe routes following mid-November GRIs.