Drewry’s World Container Index decreased 11% to $3,445 per 40ft container this week.
Detailed assessment for Thursday, 23 January 2025
- The Drewry WCI composite index decreased 11% to $3,445 per 40ft container, 67% below the previous pandemic peak of $10,377 in September 2021, but was 143% higher than the average $1,420 in 2019 (pre-pandemic).
- The average YTD composite index is $3,798 per 40ft container, $924 higher than the 10-year average of $2,874 (inflated by the exceptional 2020-22 Covid period).
- Freight rates from Shanghai to Rotterdam decreased 19% or $797 to $3,434 per 40ft container, while those from Shanghai to Genoa fell 10% or $524 to $4,562 per 40ft container. Similarly, rates from Shanghai to Los Angeles reduced 8% or $415 to $4,813 per 40ft container followed by rates from Shanghai to New York which decreased 7% or $448 to $6,377 per 40ft container. Also, rates from Rotterdam to Shanghai, Los Angeles to Shanghai, New York to Rotterdam and Rotterdam to New York decreased 1% to $515, $721, $821 and $2,778 per 40ft container respectively. Drewry expects spot rates to decrease slightly in the coming week on the back of the Chinese Lunar New Year holidays.
Spot freight rates by major route
Assessment across eight major East-West trades:
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Source: Drewry
