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Supply Chain Advisors

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World Container Index - 28 Mar

Drewry’s World Container Index decreased by 3% to $2,929 per 40ft container this week.

 

 

Source: Drewry World Container Index, Drewry Supply Chain Advisors

 

Our detailed assessment for Thursday, 28 March 2024

  • The composite index decreased by 3% to $2,929 per 40ft container this week and has increased by 71% when compared with the same week last year.    
  • The latest Drewry WCI composite index of $2,929 per 40ft container is 106% more than average 2019 (pre-pandemic) rates of $1,420.
  • The average composite index for the year-to-date is $3,413 per 40ft container, which is $709 higher than the 10-year average rate of $2,704 (which was inflated by the exceptional 2020-22 Covid period).
  • Freight rates from Shanghai to New York decreased 6% or $318 to $5,058 per feu. Likewise, rates on New York to Rotterdam and Shanghai to Los Angeles declined 3% to $637 and $3,825 per 40ft container respectively. Similarly, rates on Shanghai to Rotterdam, Rotterdam to Shanghai and Shanghai to Genoa dwindled 2% to $3,159, $814 and $3,806 per 40ft box respectively. Also, rates on Los Angeles to Shanghai and Rotterdam to New York shed 1% to $691 and $2,261 per feu respectively. Drewry expects a minor decrease in spot freight rates in the coming 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).

 

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.

 

Read more

 

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