World Container Index - 25 May
The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 3.6% to 1446.81/40ft container.
Two-year spot freight rate trend for the World Container Index:
World Container Index assessed by Drewry
Drewry assessment: Thursday, 25 May 2017
- The composite index is down by 3.6% this week and up by 54% from the same period of 2016.
- The average composite index of the World Container Index assessed by Drewry for the year to date is US$1,580/40ft container, $120 lower than the 5-year average of $1,701/40ft container. It is 54% higher than a year ago.
- The spot rates on the Asia-Europe trade declined further, resulting in the WCI on Shanghai to Rotterdam dropping by 3% or $52 to $1,759 for a 40ft box. Similarly, the rates on Transpacific also declined; Shanghai-Los Angeles and Shanghai-New York fell by another 11% and 5% respectively. We expect rates to level off next week before heading north on the back of the 1 June GRIs.