DREWRY’S World Container Index decreased 4% to $2,264 per 40ft container this week
Source: Drewry World Container Index
The Drewry WCI composite index decreased 4% to $2,264 per 40ft container,
The index is now 78% below the previous pandemic peak of $10,377 in September 2021 and the lowest since January 2024. However, the index was 59% higher than the average $1,420 in 2019 (pre-pandemic).
The average YTD composite index closed at $3,127 per 40ft container, $242 higher than the 10-year average of $2,885 (inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Los Angeles decreased 9% or $248 to $2,658 per 40ft container and those from Shanghai to New York decreased 7% or $264 to $3,774 per 40ft container.
Similarly, rates from Shanghai to Rotterdam and Rotterdam to New York reduced 2% to $2,463 and $2,316 per 40ft container, respectively, and those from Rotterdam to Shanghai, New York to Rotterdam and Shanghai to Genoa shrank 1% to $484, $846 and $3,286 per 40ft container, respectively.
Meanwhile rates from Los Angeles to Shanghai remained stable.
Drewry expects rates to decrease slightly in the upcoming weeks.
