Drewry’s World Container Index decreased 2% to $3,331 per 40ft container this week.
Our detailed assessment for Thursday, 28 November 2024
- The Drewry WCI composite index decreased 2% to $3,331 per feu, which is 68% below the previous pandemic peak of $10,377 in September 2021 but 134% more than the average $1,420 in 2019 (pre-pandemic).
- The average YTD composite index is $3,966 per feu, which is $1,116 higher than the 10-year average of $2,850 (inflated by the exceptional 2020-22 Covid period).
- Freight rates from Shanghai to Los Angeles decreased 5% or $238 to $4,250 per feu and those from Shanghai to Rotterdam fell 2% or $74 to $3,997 per feu. Likewise, rates from Shanghai to Genoa, Shanghai to New York and New York to Rotterdam shrank 1% to $4,490, $5,182 and $789 per feu, respectively. Meanwhile, rates from Rotterdam to Shanghai, Los Angeles to Shanghai and Rotterdam to New York remained stable. Drewry expects spot rates to remain stable next week.
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).
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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Drewry :World Container Index – 07 Nov
