24.5 C
Friday, June 9, 2023
Evergreen Line
Evergreen Line
Evergreen Line
Home Freight News Drewry's World Container Index remains steady

Drewry’s World Container Index remains steady

Drewry’s composite World Container Index (WCI) remained steady at US$9,192.50 per 40ft container this week, but it is still 250% higher than a year ago, with the shipping consultants expecting rates to remain also steady in the coming week.

World Container Index
Source: Drewry

The average composite index of the WCI, assessed by Drewry year-to-date, is US$7,335 per 40ft container, which is US$4,714 higher than the five-year average of US$2,621 per 40ft container.

More specifically, Drewry has reported that freight rates from Rotterdam to New York gained 2% to reach US$6,255 per 40ft box, while spot rates from Los Angeles to Shanghai and from Shanghai to Los Angeles grew 1% each to US$1,303 and US$9,947 per FEU, respectively.

However, rates on Shanghai – Genoa dropped 2% to US$12,438 per 40ft container and rates on Shanghai – Rotterdam, Rotterdam – Shanghai, Shanghai – New York and New York – Rotterdam hovered around previous weeks level.

Spot freight rates by route - assessed by Drewry
Source: Drewry

Latest Posts

Contecon Manzanillo handles first carbon-neutral box in North America

Contecon Manzanillo, International Container Terminal Services, Inc.’s (ICTSI) Mexican business unit operating the Specialised Container Terminal 2 at the Mexican port, recently handled the...

Range-bound composite indices, US-China rates spike as transatlantic rates drop

A string of General Rate Increases (GRI) starting in March-April hasn't helped the container spot rates.The Shanghai Composite Index which had a momentary upside...

Tideworks Technology introduces simulated training tool for tractor drivers at Mexican terminal

Tideworks Technology, a full-service provider of terminal operating system (TOS) solutions, announced the successful installation of its newest product DriverSIM at Manzanillo International Terminal...

Asyad Line expands REX service to Saudi Arabia

The Saudi Ports Authority (Mawani) confirmed the addition of Jeddah Islamic Port in Saudi Arabia to Asyad Line's REX service port rotation.The new cargo...

Maersk’s subsidiary Hamburg Süd hit by largest FMC fine

Hamburg Süd, owned by Danish giant ocean carrier Maersk, received the largest penalty from the Federal Maritime Commission (FMC) for the OJ Commerce (OJC)...