Drewry: World Container Index Down 3% This Week
Drewry’s composite World Container Index decreased by 3% to $7,066.03 per 40ft container this week.
Our detailed assessment for Thursday, 30 June 2022
The composite index decreased by 3% this week, and, 16% lower than a year ago.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,421 per 40ft container, which is $4,930 higher than the five-year average of $3,490 per 40ft container.
Drewry’s World Container Index composite index decreased by 3% to $7,066.03 per 40ft container, and is 16% lower than the same week in 2021. Freight rates on Shanghai – Los Angeles dropped 4% or $300 to $7,652 per feu. Spot rates on Shanghai – Rotterdam fell 4% or $358 to $9,240 per 40ft box. Similarly, Spot rates on Shanghai – Genoa and Shanghai – New York sank 2% each to reach $10,884 and $10,154 per 40ft container respectively. Rates on Los Angeles – Shanghai dipped 2% or $27 to $1,238 per feu. Rates on Rotterdam – Shanghai, New York – Rotterdam and Rotterdam – New York declined 1% each per 40ft container. Drewry expects the index to decrease in the next few weeks.