International shipping rebounded before the peak season, up 30% in the past two weeks.Spot container rates are up nearly 30 percent in the past two weeks as demand rebounds ahead of peak season. The Shanghai Container Freight Index (SCFI) rose 9.3 percent last week to 2,520.76 points, up 2 percent in two weeks. Drewry's World Container Index (WCI) showed similar growth, rising 11% to $3,511 per case on May 16, 104% higher than the same period in 2023. Freight rates have risen significantly on Asia-Europe and transpacific routes and are expected to continue to rise in the future, driven by increased demand, tight capacity and the need to relocate empty containers.
