15 Dec World Container Index Update
The Drewry World Container Index (WCI) has remained stable over the past few weeks, but has experienced a drop of 40% when compared to the same period last year and is now 3% less than average 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $1682 per 40-foot container, which is $991 lower than the 10-year average rates of $2,673.
The following trade routes all experienced a decrease in freight rates: New York-Rotterdam, Los Angeles-Shanghai (and vice-versa) as well as Rotterdam-Shanghai.
Conversely, rates on Shanghai -Rotterdam and Shanghai-Genoa increased, whilst Rotterdam-New York and Shanghai-New York rates remained stable.
It is anticipated that east-west spot rates on lanes will remain close to current levels, in the upcoming weeks.
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