The composite index increased 12.3% this week, and 138.3% up when compared with the same period of 2019.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,015 per 40ft container, which is $512 higher than the five-year average of $1,503 per 40ft container.
Drewry’s composite World Container index gained 12.3% or $376 to stand at $3,435.57 for a 40ft container, which is 138.3% higher than the same period in 2019. Freight rates on Shanghai-Rotterdam surged $1,053 to $4,581 for a 40ft box and those on Shanghai-Genoa grew $679 to come in at $4,346 per feu. Similarly, rates from Rotterdam to Shanghai increased $142 to $1,307 for a 40ft container. Likewise, rates on Shanghai-Los Angeles rose $33 to $4,081 for a 40ft container. Drewry expects rates to remain on the higher side due to tight capacity and strong demand in the coming week.
Our latest freight rate assessments on eight major East-West trades:
Spot freight rates by route – assessed by Drewry