After the unprecedented supply chain crisis of 2021, the New Year opened with key shipping rates continuing to increase, with the Drewry Supply Chain Advisors’ composite index ticked up 1.1% to $9,409 per 40 foot container for the week of Jan. 6, coming in 80% above the prior year. While trans-Pacific lanes had begun a steady rate decline in mid-Sep., the Jan. 6 week marked the fifth consecutive reversal of that trend. Shanghai to Los Angeles and Shanghai to New York each rose 3% to $10,520 and $13,518 per 40 foot box, respectively. Year-over-year, the Shanghai to Los Angeles price ... Log in to view full article.