Drewry’s composite World Container Index increased by 1.1% to $9,477.46 per 40ft container this week, reports Drewry on their site.
Our detailed assessment for Thursday, 24 February 2022
- The composite index increased by 1.1% this week, and, remains 81% higher than a year ago.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,458 per 40ft container, which is $6,416 higher than the five-year average of $3,041 per 40ft container.
- Drewry’s World Container Index composite index increased by 1.1% to $9,477.46 per 40ft container, and is 81% higher than the same week in 2021. Freight rates on Shanghai – Los Angeles grew 3% or $348 to reach $11,030 per feu. Rates on Rotterdam – Shanghai surged 3% to reach $1,439 per 40ft box. Similarly, spot rates on Shanghai – New York gained 1% or $97 to $13,160 per 40ft container. However, rates on New York – Rotterdam fell 1% to $1,198 per feu. Rates on Shanghai – Rotterdam, Shanghai – Genoa, Los Angeles – Shanghai and Rotterdam – New York hovered around previous weeks level. Drewry expects rates to remain stable in the coming week.