Drewry: World Container Index up 151% on a Yearly Basis

Drewry’s World Container Index increased 4% to $4,226 per 40ft container this week.

Source: Drewry World Container Index, Drewry Supply Chain Advisors

• The composite index increased 4% to $4,226 per 40ft container this week and has increased 151% when compared with the same week last year.
• The latest Drewry WCI composite index of $4,226 per 40ft container is 198% more than average 2019 (pre-pandemic) rates of $1,420.
• The average composite index for the year-to-date is $3,323 per 40ft container, which is $598 higher than the 10-year average rate of $2,725 (which was inflated by the exceptional 2020-22 Covid period).
• Freight rates from Shanghai to New York increased 6% or $372 to $6,835 per 40ft container. Likewise, rates from Shanghai to Rotterdam swelled 5% or $271 to $5,270 per feu. Similarly, rates from Shanghai to Genoa rose 4% or $199 to $5,693 per 40ft box. Also, rates from Shanghai to Los Angeles increased 2% or $113 to $5,390 per feu. Also, rates from Rotterdam to Shanghai inched up 1% or $4 to $677 per 40ft box. Conversely, rates from Rotterdam to New York decreased 1% or $19 to $2,222 per 40ft container. Meanwhile, rates from Los Angeles to Shanghai and New York to Rotterdam remain stable. Drewry expects freight rates ex-China to continue rising next week due to the onset of the early peak season.

Ocean spot market freight rates against 790 global port pairs

If you need spot market container freight rate information on other routes to those above, find out more about our Container Freight Rate Insight (CFRI) online service, which covers over 790 global port pairs (updated monthly).
Source: Drewry