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