Drewry’s World Container Index remained stable at $3,529 per 40ft container this week.
Detailed assessment for Thursday, 12 December 2024
- The Drewry WCI composite index remained stable at $3,529 per feu, which is 66% below the previous pandemic peak of $10,377 in September 2021 but 148% more than the average $1,420 in 2019 (pre-pandemic).
- The average YTD composite index is $3,949 per feu, which is $1,091 higher than the 10-year average of $2,858 (inflated by the exceptional 2020-22 Covid period).
- Freight rates from New York to Rotterdam increased 3% or $23 to $830 per feu and those from Shanghai to Rotterdam increased 2% or $80 to $4,855 per feu. Likewise, rates from Rotterdam to Shanghai, Shanghai to Genoa, Los Angeles to Shanghai and Shanghai to New York inched up 1% to $520, $5,526, $726 and $5,199 per feu, respectively. On the other hand, rates from Shanghai to Los Angeles decreased 4% or $137 to $3,582 per feu and those from Rotterdam to New York shrank 1% or $27 to $2,622 per feu. Drewry expects spot rates to remain stable next week.
Spot freight rates by major route
Assessment across eight major East-West trades:
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Source: Drewry
