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 $1207.46/40ft container [updated Thurs, 26 Oct 17].
Two-year spot freight rate trend for the World Container Index:
World Container Index assessed by Drewry
World Container Index: Drewry assessment on Thursday, 26 October 2017
- The composite index is down by 1.2% this week and down by 11% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,501/40ft container, which is $114 lower than the five-year average of $1,615/40ft container. It is also 11% lower than a year ago.
- Drewry’s composite index lost another $15 per feu this week to reach $1,207. The World Container Index (WCI) between Shanghai and Rotterdam stood at $1,252 for a 40ft box this week, with a change of just $2. The rates on Shanghai-New York slashed by $41 to reach $1,789 per 40ft box. Similarly, the rates from Shanghai to Los Angeles fell by $27 to reach $1,321 per feu. The proposed November GRI and the demand increase in the month will pull up the rates from next week.
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 range of ocean freight cost benchmarking services for both spot market and contract rates:
Source: Drewry
Drewry2017-10-27
