Drewry's World Container Index increased 4% to $3,213 per 40ft container this week. The Drewry WCI composite index increased 4% to $3,213 per FEU, which is 69% below the previous pandemic peak of $10,377 in September 2021 but 126% more than the average 2019 (pre-pandemic) rate of $1,420.
Photo: Dreamstime.
The average year-to-date composite index is $4,017 per FEU, which is $1,178 higher than the 10-year average of $2,839 (inflated by the exceptional 2020-22 COVID period).
Table: Drewry.
Freight rates from Shanghai to Genoa skyrocketed 11% or $352 to $3,648 per FEU, while those from Shanghai to Rotterdam increased 8% or $264 to $3,396 per FEU. Rates from Shanghai to Los Angeles and from Los Angeles to Shanghai also rose 1% to $4,839 and $718 per FEU, respectively.
In contrast, rates from Rotterdam to Shanghai decreased 1% or $5 to $543 per FEU. Rates from Shanghai to New York, New York to Rotterdam, and Rotterdam to New York remained stable. After a decline since August, spot rates ex-China increased this week, and Drewry expects this trend to continue as the Christmas rush intensifies.
More information:
Drewry
www.drewry.co.uk