The composite index increased by 23% to $3,777 per 40ft container
this week and has increased by 82% when compared with the same
week last year.
The latest Drewry WCI composite index of $3,777 per 40ft container is
the highest since October 2022 and is 166% more than average 2019
(pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $3,173 per 40ft
container, which is $495 higher than the 10-year average rate of $2,678
(which was inflated by the exceptional 2020-22 Covid period).
Freight rates on Rotterdam to Shanghai increased by 50% or $323 to
$975 per 40ft container. Followed by rates on Shanghai to Los Angeles
which rose by 38% or $1,070 to $3,860 per feu. Also, rates on Shanghai
to New York swelled by 35% or $1,474 to $5,644 per 40ft box. Likewise,
rates on Shanghai to Genoa grew by 21% or $1,069 to $6,282 per feu.
Followed by rates on Shanghai to Rotterdam which enlarged by 12% or
$545 to $4,951 per 40ft box. Likewise, rates on New York to Rotterdam
surged by 2% or $9 to $608 per 40ft container. Conversely, rates on
Los Angeles to Shanghai decreased by 1% or $4 to $762 per feu. Rates
on Rotterdam to New York remained stable. Drewry anticipates East-West spot rates to increase in the coming weeks, due to the Red
Sea/Suez situation.