Post-Chinese New Year Projections: Stability And Reductions


  • The composite index dropped by 1% to $3,733 per 40ft container this week and has increased by 91% when compared with the same week last year.
  • The latest Drewry WCI composite index of $3,733 per 40ft container is 163% more than average 2019 (pre-pandemic) rates of $1,420.
  • The average composite index for the year-to-date is $3,546 per 40ft container, which is $857 higher than the 10-year average rate of $2,689 (which was inflated by the exceptional 2020-22 Covid period).


  • Freight rates on Shanghai to Rotterdam and Rotterdam to Shanghai decreased by 3% or $138 and $32 to $4,288 and $958 per 40ft box respectively. Followed by rates on Los Angeles to Shanghai and Shanghai to New York which declined by 2% or $17 and $98 to $709 and $6,170 per feu. Likewise, rates on Shanghai to Genoa reduced by 1% or $52 to $5,173 per 40ft box. Conversely, rates on Rotterdam to New York swelled by 10% or $195 to $2,173 per 40ft box. Followed by rates on New York to Rotterdam which increased by 2% or $12 to $623 per feu.
  • While rates on Shanghai to Los Angeles remained stable. Drewry expects a minor reduction in spot rates after the Chinese New Year. However, freight rates on the transatlantic trade route are expected to remain stable next week.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe

Source : Drewry


  1. I recently stumbled upon this super website, an oasis for fans. The owner has a real knack for producing compelling content that hits the mark every time. I’m thrilled to have found this site and can’t get enough of what they deliver.

Comments are closed.