26.11.09WCI Decreases 1% in Week 45

The Drewry World Container Index (WCI) decreased 1% from the previous week to $4,389 per FEU in Week 45. From a year earlier, however, it was still higher by 124%.

On the trans-Pacific trade route, rates from Shanghai to New York fell 3% to $9,303 per FEU, while those from Shanghai to Los Angeles were unchanged at $7,539 per FEU. Port congestion at major Chinese ports, which persisted for several weeks, has begun to ease, with average vessel waiting times at Shanghai improving to 35 hours last week as weather conditions improved and demand softened.

On the Asia-Europe trade route, rates from Shanghai to Rotterdam decreased 2% to $3,615 per FEU, while those from Shanghai to Genoa remained stable at $4,166 per FEU.

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