Drewry Maritime Research’s composite World Container Index (WCI) decreased by 2% to $2,046.51 per FEU in Week 4. It has dropped by 78% when compared with the same week of last year. It was 80% below the peak of $10,377 per FEU reached in September 2021. It was 24% lower than the 10-year average of $2,694 per FEU, indicating a return to more normal prices, but remained 46% higher than the pre-pandemic average of $1,420 per FEU in 2019.  The year-to-date average was $2,098 per FEU, which was $596 lower than the abovementioned 10-year average.

Freight rates from Shanghai to New York dropped 6% or $191 to $3,241 per FEU. Spot rates from Shanghai to Rotterdam and from Rotterdam to Shanghai slid 4% each to $1,741 and $762 per FEU, respectively. Similarly, rates from Los Angeles to Shanghai fell 1% to $1,131 per FEU. However, rates from Shanghai to Los Angeles gained 1% to $2,072 per FEU. Rates from Shanghai to Genoa, from New York to Rotterdam and from Rotterdam to New York hovered around the previous week’s levels. Drewry expects small week-on-week reductions in rates in the next few weeks.




  • Statistics
Copyright© 2000- Japan International Freight Forwarders Association Inc. All Rights Reserved.