Drewry: World Container Index Up by 0.5% on Week, but 127.8% Year-on-Year

The composite index increased 0.5% this week, and 127.8% up when compared with same period of 2019.

The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,044 per 40ft container, which is $530 higher than the five-year average of $1,514 per 40ft container.

Drewry’s composite World Container index inched up 0.5% or $16 to $3,451.32 for a 40ft container, which is 127.8% higher than the same period in 2019. Freight rates on Shanghai-Genoa increased by $55 to $4,401 per feu and those on Shanghai-New York grew $38 to stand at $4,998 for a 40ft container. Similarly, Rates from Shanghai to Los Angeles gained $29 to $4,110 for a 40ft box. Freight rates on the backhaul leg of Shanghai-Rotterdam inched up $6 to $1,313 per feu. Drewry expect rates will continue to be on the higher side.

Source: Drewry