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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)
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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.