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World Container Index - 12 Oct

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 0.8% to $1282.1/40ft container [updated Thurs, 12 Oct 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, 12 October 2017

  • The composite index is down by 0.8% this week and up by 1% from the same period of 2016.

  • The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,515/40ft container, which is $107 lower than the five-year average of $1,622/40ft container. It is also 1% higher than a year ago.

  • Drewry’s composite index lost another $10 per feu this week to reach $1,282. Freight rates have dropped after the Golden Week holidays in China. The World Container Index (WCI) between Shanghai and Rotterdam lost $48 for a 40ft box this week to reach $1,277, and the rates on Shanghai-New York declined by $20 to reach $1,940 per 40ft box. However, the rates from Shanghai to Los Angeles gathered $26 to reach $1,465 per feu. Carriers will attempt rate hikes for the second half of October and this should result in an upward rate movement next 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 range of ocean freight cost benchmarking services for both spot market and contract rates:

Related Indices

Every month we publish global Port Throughput Indices - a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide.

 

Drewry Port Throughput Index

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Container Freight Rates & Shipping Market Outlook

Join us for a FREE Drewry online briefing at 0900 or 1700 BST on Tues 24 Oct 2017 on the outlook for ocean freight rates. Hosted by Simon Heaney, Senior Manager, Container Research and Martin Dixon, Head of Research Products.
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.