Drewry: World Container Index Up 2.7% on the Week
The composite index increased 2.7% this week but, 2.6% down as compared with same period of 2018.
The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1517/40ft container, which is $42 higher than the five-year average of $1475/40ft container.
Drewry’s composite World Container Index (WCI) increased 2.7% or $37 to reach $1,378.99 per 40ft container. Freight rates on Shanghai-Rotterdam increased $146 and stood at $1464 for a 40ft container. Rates on Rotterdam-New York grew $37 to $2,339 per feu. Similarly, freight rates from Shanghai to Los Angeles inched up $6 to $1,548 for 40ft box. Drewry expects that the rates will struggle to rise further.
Two-year spot freight rate trend for the World Container Index: