News
Drewry's World Container Index composite index decreased by 3.8% to $8,832.23 per 40ft container, but is 79% higher than the same week in 2021. The WCI composite index fell below $9,000 per 40ft container for the first time since July 29, 2021.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,360 per 40ft container, which is $6,231 higher than the five-year average of $3,129 per 40ft container.
Freight rates on Shanghai - Los Angeles sank 7% or $811 to $10,154 per 40ft box. Spot rates on Shanghai - New York dropped 5% or $685 to $12,276 per feu. Similarly, FAK rates on Shanghai - Rotterdam fell 4% or $464 to $12,221 per 40ft box.
However, rates on Rotterdam - Shanghai grew 3% to $1,515 per feu. Rates on Shanghai - Genoa, Los Angeles - Shanghai and New York - Rotterdam rose 1% each and rates on Rotterdam - New York hovered around previous weeks level.
