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World Container Index - 18 May

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 by 3.6% to 1500.87/40ft container [updated Thurs, 18 May 17]. 

 

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

World Container Index assessed by Drewry 18 May 17
World Container Index assessed by Drewry 18 May 17

Drewry assessment: Thursday, 18 May 2017

  • The composite index is down by 3.6% this week and up by 43% from the same period of 2016.

  • The average composite index of the World Container Index assessed by Drewry for the year to date is US$1,587/40ft container, $118 lower than the 5-year average of $1,705/40ft container. It is 43% higher than a year ago.

  • The spot rates on the Asia-Europe trade continue to tumble, and as a result, the World Container Index on Shanghai to Rotterdam declined by 3% or $58 to $1,811 for a 40ft box. Similarly, GRIs on the Transpacific trade are also losing ground, but at a slower pace. This week, the WCI on Shanghai-Los Angeles and Shanghai-New York fell by another 9% and 3% respectively.

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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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.