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 up by 25.6% to $1517.1/40ft container [updated Thurs, 02 Nov 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, 02 November 2017
- The composite index is up by 25.6% this week and down by 1% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,502/40ft container, which is $111 lower than the five-year average of $1,613/40ft container. It is also 1% lower than a year ago.
- During the first week of November, to cash in on the expected uptick in demand before the Christmas holidays, the carriers implemented GRIs on the East-West routes originating from Asia. As a result, the World Container Index (WCI) between Shanghai and Rotterdam gathered $462 for a 40ft box to reach $1,716. On the Transpacific trade, rates on Shanghai-New York strengthened by $615 to reach $2,404 per 40ft box. Similarly, rates from Shanghai to Los Angeles went up by $313 to reach $1,634 per feu.
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
Drewry2017-11-03
