Drewry: World Container Index Up 21.7% on a Year-to-Year Basis
The composite index is up 3.7% this week, similarly, 21.7% up as compared with same period of 2018.
The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,745/40ft container, which is $236 higher than the five-year average of $1,509/40ft container.
Transpacific rates pulled up Drewry’s composite World Container Index (WCI) by 3.7% or $63 to $1,752.97 per 40ft container. Freight rates from Shanghai to New York increased by $271 to $3,245 for 40ft container. Similarly, rates on Shanghai-Los Angeles surged to $2,274 per feu – a change of $344. Meanwhile, rates on Shanghai-Rotterdam decreased from $1,956 to $1,839 for a 40ft box. Drewry expects rates to soften next week.
Two-year spot freight rate trend for the World Container Index: