World Container Index Increases

World Container Index Increases

Whilst the latest Drewry World Container Index increased by 1% last week, it has dropped 77% compared with the same week last year.

The latest Drewry WCI composite index of $1,763 per 40-foot container is now 83% below the peak of $10,377 in September 2021.

The latest figures show the index down 34% from the 10-year average of  $2688. This decrease indicates a return to more normal pricing, however at this point in time it still remains 24% higher than the average 2019 pre-pandemic rates of $1420.

Meanwhile, freight rates for Shanghai-Genoa and Shanghai-New York inched up by 2% each to settle at $2232 and $2829 per 40-foot box, respectively. Whilst rates on Shanghai-Los Angeles, Rotterdam-Shanghai, Los Angeles-Shanghai, New York-Rotterdam and Rotterdam-New York remained stable at last week’s level.

Drewry expects East-West spot rates on routes other than the transatlantic to be stable in the next few weeks.

If you have any further queries, please contact our helpful team.

Yours sincerely,
Rachael Budd & The Transolve Global Team

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