he World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 0.2% to $1407.58/40ft container [updated Thurs, 11 Jan 18].
Two-year spot freight rate trend for the World Container Index:
World Container Index: Drewry assessment on Thursday, 11 January 2018
- The composite index is down by 0.2% this week and down 21.5% from the same period of 2017.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,409/40ft container, which is $175 lower than the five-year average of $1,584/40ft container.
- Freight rates on Shanghai-Los Angeles decreased by $60 this week to reach $1,411, and rates on Shanghai-New York slid by $13, to reach $2,440 for a 40ft box. The World Container Index (WCI), assessed by Drewry on the Shanghai-Genoa route, gained $21 from last week, to reach $1,427 for a 40ft box. Similarly, rates on Shanghai-Rotterdam increased to $1,726 from $1, 685 for a 40ft box. We expect the spot rates to increase next week on the back of the proposed GRIs.
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: