The latest numbers for box freight costs reveal an average decline on major trade routes of 2.1 percent to USD 1,955 per 40-foot container, according to maritime consultancy Drewry’s World Container Index for the week up to Feb. 16.

Freight costs on the major routes have thus dropped to the lowest level since June 2020. This is also the case between China and New York where costs have decreased by 4.1 percent to USD 2,996 per 40-foot container.

With a decline of 2.8 percent to USD 2,581, freight costs from Shanghai to Genoa have dropped to the lowest level since September 2020.

These rates peaked in early October 2021 at USD 13,765 per 40-foot container and have thereby declined by more than 80 percent.

English edit: Kristoffer Grønbæk