MENU
Search
Login

Supply Chain Advisors

Service Expertise

Related research

World Container Index - 10 August

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 1.5% to $1567.66/40ft container [updated Thurs, 10 Aug 17]. 

 

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

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

World Container Index: Drewry assessment on Thursday, 10 August 2017

  • The composite index is down by 1.5% this week and up by 23% from the same period of 2016.

  • The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,544/40ft container, which is $111 lower than the five-year average of $1,655/40ft container. It is also 23% higher than a year ago.

  • GRI-induced rate increases softened this week, and consequently, headhaul rates on both the Asia-Europe and Transpacific trades declined marginally. Rates on the Shanghai-Rotterdam route are down by $50 to reach $1,751 for a 40ft box. Similarly, the rates from Shanghai to New York slid by $31 to reach $2,665 for a 40ft box, and those from Shanghai to Los Angeles fell by $19 from the last week to $1,657. Drewry expects rates to stabilise next week as space gets tight on vessels leaving Asia because of the upcoming peak season.

 

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:

Recent Updates

Satisfaction survey in container transport: Customers rate service quality of ocean carriers “poor to average”

The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey of exporters, importers and freight forwarders conducted jointly by Drewry and the European Shippers’ Council (ESC).

Spot freight rates soar from North Europe to Asia

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

Related Events

Container Trade Europe

Come and see Drewry share its latest maritime research insights at JOC Container Trade Europe Event
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.