Drewry World Container Index decreased 3% per 40ft container Maritime Tickers

Drewry : World Container Index decreased 3% per 40ft container

Drewry’s World Container Index decreased 3% to $5,551 per 40ft container this week.

Our detailed assessment

  • The latest Drewry WCI composite index of $5,551 per 40ft container is 47% below the previous pandemic peak of $10,377 in September 2021, but it is 291% more than the average 2019 (pre-pandemic) rate of $1,420.
  • The average composite index for the year-to-date is $3,996 per 40ft container, which is $1,204 higher than the 10-year average rate of $2,791 (which was inflated by the exceptional 2020-22 Covid period).
  • Freight rates from Shanghai to Los Angeles and Shanghai to Genoa decreased 4% to $6,501 and $7,309 per 40ft container, respectively. Likewise, spot rates from Shanghai to Rotterdam and Shanghai to New York declined 3% to $7,929 and $8,931 per 40ft container, respectively. Conversely, rates from Rotterdam to New York and Rotterdam to Shanghai increased 1% to $1,967 and $630 per feu, respectively. Meanwhile, rates from Los Angeles to Shanghai and New York to Rotterdam remain stable. Drewry believes that spot rates have peaked, but continued shipping disruptions will keep a floor under the spot rates for some time.

Spot freight rates by major route

Our assessment across eight major East-West trades:

Ocean spot market freight rates against 790 global port pairs

If you need spot market container freight rate information on other routes to those above, find out more about our Container Freight Rate Insight (CFRI) online service, which covers over 790 global port pairs (updated monthly).

Container Freight Portal: Request a demonstration

World Container Index: Correlations and methodology

Find out more about the process we follow to establish our weekly index and correlations between tradelane indices and the main composite index.

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