12.8 C
Hamburg
Friday, June 6, 2025
Home Rates & Surcharges Drewry's WCI gains US$50 this week

Drewry’s WCI gains US$50 this week

Drewry’s composite World Container index increased marginally 0.5% or US$50 to US$9,421.48 per 40ft container on 12 August, 358% higher than the same week in 2020.

Drewry World Container Index

This is the 17th consecutive week of increases, according to Drewry which reports that freight rates from Shanghai to Genoa soared 2% to reach US$12,993 per 40ft container, a change of 556% Y-o-Y.

At the same time, spot rates on Shanghai to Los Angeles climbed to US$10,322 for a 40ft box, while rates on Rotterdam to New York plunged 7% to US$1,171 per FEU.

Additionally, rates on Rotterdam – Shanghai and Los Angeles – Shanghai dropped slightly to US$1,651 and US$1,461 per FEU respectively.

Furthermore, Drewry noted that freight rates on Shanghai to Rotterdam, Shanghai to New York and Rotterdam to New York remain stable at the previous week’s level.

The maritime research consultants of Drewry expect rates to increase further in the coming weeks.

Drewry’s assessment across eight major East-West trades:

Spot freight rates by route - assessed by Drewry





Latest Posts

Capesize S&P activity drops around 48%

Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and...

Transpacific container rates starting to spike on demand surge

Logistics markets and supply chains faced another confusing, dramatic few days last week as the US Court of International Trade ruled that President Trump...

BIMCO develops standard clause addressing USTR uncertainties

BIMCO, the world’s largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States...

Wincanton accelerates net zero ambitions with deployment of 24 electric HGVs

Wincanton has announced the first wave of 24 new electric heavy goods vehicles (HGVs) joining its fleet this year, marking a key step towards...

How to Choose the Right Contractor for Gutter Installation in Boston?

When it comes to protecting your home from water damage, a well-executed gutter installation is not just a luxury, it’s a necessity. Your gutters...
error: Content is protected !!