Drewry index up 61%, Maersk to divert all vessels

The index has increased 25% when compared with the same week last year, and is now 88% more than the average 2019 (pre-pandemic) rate of $1,420.

Freight rates on Shanghai to Rotterdam more than doubled to $3,577 per FEU. Rates on Shanghai to Genoa also more than doubled to $4,178 per 40ft box. Shanghai to Los Angeles rates increased by 30 percent to $2,726 per 40ft container.

Maersk has decided to divert all its vessels around the Cape of Good Hope for the foreseeable future due to high risk level for the Red Sea/Gulf of Aden sailings

No safe haven when container shipping, supply chains are disrupted as we see right now in the Red Sea: Peter Sand, Chief Analyst, Xeneta.