World Container Index – 21 Dec
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 up by 5% to $ 1195.21/40ft container [updated Thurs, 21 Dec 17].
Two-year spot freight rate trend for the World Container Index:
World Container Index: Drewry assessment on Thursday, 21 December 2017
- The composite index is up by 5% this week and down 23% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,461/40ft container, which is $131 lower than the five-year average of $1,593/40ft container. It is also 23% lower than a year ago.
- Rates on the Asia-Europe and Transpacific routes have increased this week on the back of the mid-December GRIs. The World Container Index (WCI), assessed by Drewry on the Shanghai-Rotterdam route, gained $118 from last week, to reach $1,494 for a 40ft box. Similarly, rates on Shanghai-Los Angeles are up by $77 to reach $1,154 per feu. Drewry expects these gains to erode in the coming weeks until the pre-Chinese New Year demand spike in January lifts rates.
Our latest freight rate assessments on eight major East-West trades:
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: