Container trading and leasing rates trends continue to rise – particularly on China to US route.

The average leasing rates from Shanghai to Los Angeles for 40 ft high cube containers increased by 67% from $703 in Q4 2023 (Oct-Dec) to $1173 in Q1 2024 (Jan-Mar). China to Canada leasing rates rise by 64% in March from February. Ningbo to Oakland routes’ rates surged by 92% in one month (from February to March 2024). Stay elevated so far in April (after declining from $1963 in March to $1503 so far in April, as on 22 April 2024). Source: Container xChange