World Container Index Update

World Container Index Update

The latest update of Drewry’s composite World Container Index (WCI) has seen a fall of 20% to US$1685.32 per 40-foot container this week, representing a drop of 78% when compared with the same week in 2022.
The WCI is now 84% below the peak of US$10,377, which was reached in September 2021, and 37% lower than the 10-year average of US$2688. Whilst this indicates a return to more normal pricing it still remains 19% higher than the average 2019 (pre-pandemic) rates of US$1420.

From a global perspective, the average composite index fell across routes from Rotterdam-New York to Shanghai-New York through to Shanghai-Los Angeles and more. The only route that saw a converse movement in rates was New York-Rotterdam, which inched up 1% to US$844 per FEU. Overall, Drewry predicts east-west spot rates on routes other than the transatlantic to stabilise in the next few weeks.

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

Yours sincerely,
Rachael Budd & The Transolve Global Team

Simply click here to follow our LinkedIn Company Page to stay up-to-date with the latest industry news that may impact your business.

No Comments

Sorry, the comment form is closed at this time.