24.11.11WCI Increases for 2 B2B Weeks

The World Container Index (WCI) increased 7% from the previous week to $3,444 per FEU in Week 45, which has continued to go up for the second consecutive week, according to Drewry. The index, which was still 129% higher than a year earlier, was 67% below the previous pandemic peak of $10,377 per FEU in September 2021 but 142% above the average of $1,420 per FEU in the pre-pandemic year of 2019.The year-to-date average was $4,005 per FEU, $1,162 higher than the 10-year average of $2,843 per FEU, which is inflated by the exceptional 2020-22 COVID period.

Freight rates from Shanghai to Genoa jumped 21%, or $751 to $4,399 per FEU, and from Shanghai to Rotterdam, 16%, or $558 to $3,954 per FEU. Those from New York to Rotterdam increased 3%, or $25 to $785 per FEU. On the other hand, rates from Rotterdam to Shanghai decreased 3%, or $19 to $524 per FEU, from Rotterdam to New York, 2%, or $40 to $2,624 per FEU and from Shanghai to Los Angeles, 1%, or $33 to $4,806 per FEU. Meanwhile, rates from Los Angeles to Shanghai and from Shanghai to New York both remained stable.