World Containership Index Has Dropped By 32% Compared To Last Year

78

Drewry’s composite World Container Index decreased by 3% to $6,430.07 per 40ft container this week, says an article published in CSN.

Our detailed assessment for Thursday, 11 August 2022

The composite index decreased by 3% this week, the 24th consecutive weekly decrease, and has dropped by 32% when compared with the same week last year.

The latest Drewry WCI composite index of $6,430 per 40-foot container is now 38% below the peak of $10,377 reached in September 2021, but it remains 78% higher than the 5-year average of $3,613.

 

The average composite index for the year-to-date is $8,113 per 40ft container, which is $4,500 higher than the five-year average ($3,613 mentioned above).

The composite index decreased by 3% to $6,430.07 per 40ft container, and is 32% lower than the same week in 2021. Freight rates on Shanghai – Genoa dropped 10% or $962 to $8,779 per feu. Spot rates on Shanghai – Los Angeles fell 2% or $151 to $6,834 per 40ft. Similarly, rates on Shanghai – Rotterdam decreased 1% or $106 to $8,833 per 40ft container. Rates on Los Angeles – Shanghai, Rotterdam – Shanghai, Shanghai – New York, New York – Rotterdam and Rotterdam – New York hovered around the previous week’s level. Drewry expects the index to decrease in the next few weeks.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: CSN

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.