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World Container Index - 23 Mar 17

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down 2.9% to US$1350.61/40ft container [updated Thurs, 23 Mar 17]. 


Two-year spot freight rate trend for the World Container Index:

World Container Index assessed by Drewry
World Container Index assessed by Drewry

Drewry assessment: Thursday, 23 March 2017

  • The composite index continues to soften, but remains 103% higher than this time last year

  • The average composite index of the World Container Index assessed by Drewry for the year to date is US$1,610/40ft container, lower than the 5-year average of $1,693/40ft container.

  • Rates on Asia-Europe and Transpacific headhaul routes continue to head south with rates from Shanghai to Rotterdam, Genoa, New York and Los Angeles declining this week.

View our latest freight rate assessments on eight major East-West trades:

Spot freight rates by route - assessed by Drewry

Spot freight rates by route - assessed by Drewry

For further information on Drewry’s extensive ocean freight cost benchmarks for both spot rates and contract rates:

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Spot container freight rates from North Europe to China increased by 45% this week, reaching a four-year high.

Benchmarking against peers upheld among BCOs

International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors.
The first company to provide detailed and regular slow-steaming analysis for the container industry (Container Forecaster)
The first independent consultancy to publish liner schedule reliability rankings in 2005
Access to an exclusive ocean freight cost benchmarking club comparing costs on over 2 million teu of freight for more than $2.3bn of freight spend.
We were the first to publish benchmark container spot market freight rates in 2006.