Drewry’s World Container Index increased by 23% to $3,777 per 40ft container this week.
Detailed assessment for Thursday, 18 January 2024
- The composite index increased by 23% to $3,777 per 40ft container this week and has increased by 82% when compared with the same week last year.
- The latest Drewry WCI composite index of $3,777 per 40ft container is the highest since October 2022 and is 166% more than average 2019 (pre-pandemic) rates of $1,420.
- The average composite index for the year-to-date is $3,173 per 40ft container, which is $495 higher than the 10-year average rate of $2,678 (which was inflated by the exceptional 2020-22 Covid period).
- Freight rates on Rotterdam to Shanghai increased by 50% or $323 to $975 per 40ft container. Followed by rates on Shanghai to Los Angeles which rose by 38% or $1,070 to $3,860 per feu. Also, rates on Shanghai to New York swelled by 35% or $1,474 to $5,644 per 40ft box. Likewise, rates on Shanghai to Genoa grew by 21% or $1,069 to $6,282 per feu. Followed by rates on Shanghai to Rotterdam which enlarged by 12% or $545 to $4,951 per 40ft box. Likewise, rates on New York to Rotterdam surged by 2% or $9 to $608 per 40ft container. Conversely, rates on Los Angeles to Shanghai decreased by 1% or $4 to $762 per feu. Rates on Rotterdam to New York remained stable. Drewry anticipates East-West spot rates to increase in the coming weeks, due to the Red Sea/Suez situation.
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Source: Drewry
I loved even more than you will get done right here. The overall look is nice, and the writing is stylish, but there’s something off about the way you write that makes me think that you should be careful what you say next. I will definitely be back again and again if you protect this hike.
I loved even more than you will get done right here. The picture is nice, and your writing is stylish, but you seem to be rushing through it, and I think you should give it again soon. I’ll probably do that again and again if you protect this hike.