Two-year spot freight rate trend for the World Container Index:

World Container Index assessed by Drewry
World Container Index assessed by Drewry

World Container Index: Drewry assessment on Thursday, 20 July 2017

  • The composite index is down by 6.3% this week and up by 15% from the same period of 2016.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,546/40ft container, which is $120 lower than the five-year average of $1,666/40ft container. It is also 15% higher than a year ago.
  • Despite peak season cargo surge, the spot rates dropped unexpectedly on the Shanghai-Rotterdam route, which fell by $160 to $1,705 for a 40ft box this week. More rate hikes and prudent supply during the peak season should lift rates from August. On the other hand, a slow start to the peak season is weighing down the Transpacific eastbound rates. The spot rates from Shanghai to New York lost $183 to reach $2,202 for a 40ft box and the rates from Shanghai to Los Angeles dropped by $71 to $1,242.

View our latest freight rate assessments on eight major East-West trades:

Spot freight rates by route – assessed by Drewry

Spot freight rates by route - assessed by Drewry

For further information on Drewry’s extensive ocean freight cost benchmarks for both spot rates and contract rates click here

Source: Drewry
2017-07-21

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