Drewry’s World Container Index increased 2% to $4,801 per 40ft container this week.
Detailed assessment for Thursday, 13 Jun 2024
- The composite index increased 2% to $4,801 per 40ft container this week and has increased 202% when compared with the same week last year.
- The latest Drewry WCI composite index of $4,801 per 40ft container is 238% more than average 2019 (pre-pandemic) rates of $1,420.
- The average composite index for the year-to-date is $3,443 per 40ft container, which is $707 higher than the 10-year average rate of $2,736 (which was inflated by the exceptional 2020-22 Covid period).
- Freight rates from Shanghai to Genoa and Rotterdam to Shanghai increased 3% to $6,862 and $661 per 40ft container respectively. Similarly, rates from Shanghai to Rotterdam and New York to Rotterdam swelled 2% to $6,177 and $640 per feu respectively. Likewise, rates from Shanghai to Los Angeles and Shanghai to New York surged 1% to $6,025 and $7,299 per 40ft box respectively. Conversely, rates from Rotterdam to New York decreased 1% or $18 to $2,118 per feu. Meanwhile, rates from Los Angeles to Shanghai remain stable. Drewry expects that freight rates from China will continue to rise next week due to congestion issues at Asian ports.
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Source: Drewry
