Drewry: World Container Index Down 5.8% on Week
The composite index decreased 5.8% this week similarly, 1.9% down when compared with same period of 2019.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,732 per 40ft container, which is $344 higher than the five-year average of $1,388 per 40ft container.
Drewry’s composite World Container index decreased by 5.8% to $1575.99 per 40ft container. Spot rates on trade routes originating from Asia continue to follow a downward trajectory despite an increase in blank sailings by carriers. Freight rates from Shanghai to Rotterdam and Shanghai to Genoa plummeted 9% and 10% to $1851 and $2227 respectively for 40ft containers. Similarly, Shanghai – Los Angeles and Shanghai – New York lost about $50 and stand at $1496 and $2799 per 40ft boxes. Meanwhile, Transatlantic trade rates were hovering around the previous week’s rate. No upturn in rates is in sight for the next week.