Rally in freight rates continued, with the composite index rising for the third week this month.

Our detailed assessment for Thursday, 21 May 2026

• The Drewry World Container Index (WCI) increased 6% to $2,712 per 40ft container, mainly due to higher freight rates on the Asia to Europe trade route.

• On the Asia–Europe trade route, spot rates increased this week, supported by early peak season demand and higher FAK levels. Freight rates from Shanghai to Rotterdam surged 15% to $2,773 per 40ft container, and those from Shanghai to Genoa jumped 10% to $4,082 per 40ft container. According to Drewry’s Container Capacity Insight, only three blank sailings have been announced on the Asia to Europe trade route for next week, indicating higher capacity deployment to accommodate peak season cargo. CMA CGM has announced new FAK levels, effective 1 June, which are set above current levels, with Asia–Europe…