Drewry’s composite World Container index increased 4.7% or $255 to $5,726.99 per 40ft container.
Two-year spot freight rate trend for the World Container Index:
The composite index increased 4.7% or $255 this week, and also, remains 285.4% higher than a year ago.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,143 per 40ft container, which is $3,287 higher than the five-year average of $1,856 per 40ft container.
Drewry’s composite World Container index increased 4.7% or $255 to $5,726.99 per 40ft container. Freight rates on the Shanghai-Rotterdam surged $605 to $8,976 for a 40ft container and those on Shanghai-Genoa rose $411 to $8,943 for a 40ft box. Likewise, rates on Los Angeles-Shanghai grew $121 to stand at $710 and those on Rotterdam-Shanghai increased $127 to $1,521 per feu. Similarly, rates from Shanghai to New York inched up $78 to come in at $7,085 for a 40ft container. We expect the index to remain stable next week.
Our latest freight rate assessments on eight major East-West trades:
Source: Drewry Supply Chain Advisors
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Global Port Throughput: 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.