World Container Index – 21 Sep
The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 1.2% to US$1385.17/40ft container [updated Thurs, 21 Sep 17].
Two-year spot freight rate trend for the World Container Index:
World Container Index: Drewry assessment on Thursday, 21 September 2017
- The composite index is down by 1.2% this week and down by 4% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,532/40ft container, which is $100 lower than the five-year average of $1,632/40ft container. It is also 4% lower than a year ago.
- The less-than-expected demand has already watered down the GRIs in September. The World Container Index (WCI) between Shanghai and Rotterdam lost another $84 for a 40ft box this week to reach $1,451. The hurricanes roiled volume to the East and Gulf Coast of the US, causing Transpacific rates to see-saw. While the rates from Shanghai to Los Angeles increased by $61 to reach $1,546 per feu, rates on Shanghai-New York declined by another $37 to reach $2,135 per 40ft box.
View our latest freight rate assessments on eight major East-West trades:
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: