Drewry: World Container Index Increased by 4.7% On Week and 333% Compared to a Year Back
Drewry’s composite World Container index increased 4.7% or $397 to $8,795.77 per 40ft container.
The composite index increased 4.7% or $397 this week, and also, remains 333% higher than a year ago.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,760 per 40ft container, which is $3,716 higher than the five-year average of $2,044 per 40ft container.
Drewry’s composite World Container index surged 4.7% or $397 to reach $8,795.77 per 40ft container, which is 333% higher than the same week in 2020. Freight rates from Shanghai – Genoa and Shanghai – Rotterdam increased $852 to $592 to reach $12,626 and $12,795 per feu respectively, a Y-o-Y change of 514% and 596%. Spot rates on Rotterdam – New York grew 7% or $328 to stand at $5,336 per 40ft box. Similarly, spot rates on Shanghai – Los Angeles soared $466 to stand at $9,631 for a 40ft container, which is 229% higher than same period in 2020. Likewise, rates on both Rotterdam – Shanghai and Los Angeles – Shanghai grew 3% to $1,740 and $1,326 per feu, respectively. Drewry expects rates to increase further in the coming week.