News
The World Container Index, the first Europe-based assessment of container freight rates, went live on schedule on September 1, 2011, ushering in a new era of price discovery and risk management solutions in the container freight market.
The first published World Container Index freight rates show increases on some, but not all, major routes. The spot container freight rate index on the Shanghai-Genoa route was $2,270 per 40ft container this week, up 8% on the assessment made in the first week of August. On the Shanghai-New York route, this week's spot rate is $3,477 per 40ft container, up 11% on the assessment made in the first week of August. The WCI rate indices for the backhaul routes from Europe and the US to China have remained stable in the past month.
