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 4.9% to US$1317.53/40ft container [updated Thurs, 28 Sep 17].  Two-year spot freight rate trend for the World Container Index:
World Container Index: Drewry assessment on Thursday, 28 September 2017 The composite index is down by 4.9% this week and down by 6% from the same period of 2016. The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,527/40ft container, which is $101 lower than the five-year average of $1,628/40ft container. It is also 6% lower than a year ago. The rates have dropped ahead of the Golden Week holidays in China. The World Container Index (WCI) between Shanghai and Rotterdam lost another $54 for a 40ft box this week to reach $1,1397. Similarly, the rates from Shanghai to Los Angeles dropped by $82 to reach $1,464 per feu and the rates on Shanghai-New York declined by another $154 to reach $1,981 per 40ft box. We expect the rates to fall further next week on account of the Chinese factory shutdown. Spot freight rates by route - assessed by Drewry