A recent news article published in the Drewry states that Drewry’s composite World Container Index decreased by 3.8% to $8,832.23 per 40ft container this week.
Composite index decreases
The composite index decreased by 3.8% this week, but, remains 79% higher than a year ago.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,360 per 40ft container, which is $6,231 higher than the five-year average of $3,129 per 40ft container.
79% higher than the same week in 2021
Drewry’s World Container Index composite index decreased by 3.8% to $8,832.23 per 40ft container, but is 79% higher than the same week in 2021.
The WCI composite index fell below $9,000 per 40ft container for the first time since 29th July 2021.
Freight rates on Shanghai – Los Angeles sank 7% or $811 to $10,154 per 40ft box. Spot rates on Shanghai – New York dropped 5% or $685 to $12,276 per feu.
FAK rates on Shanghai – Rotterdam fell 4%
Similarly, FAK rates on Shanghai – Rotterdam fell 4% or $464 to $12,221 per 40ft box.
However, rates on Rotterdam – Shanghai grew 3% to $1,515 per feu.
Rates on Shanghai – Genoa, Los Angeles – Shanghai and New York – Rotterdam rose 1% each and rates on Rotterdam – New York hovered around previous weeks level.
Drewry expects spot rates to remain stable in the coming week.
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Source: Drewry
