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 up by 0.3% to $1,471/40ft container [updated Thurs, 8 Jun 17].
Two-year spot freight rate trend for the World Container Index:
World Container Index: Drewry assessment on Thursday, 8 June 2017
- The composite index is up by 0.3% this week and up by 27% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,570/40ft container, which is $122 lower than the five-year average of $1,692/40ft container. It is also 27% higher than a year ago.
- The spot rates on the Asia-Europe trade, after rising last week on the back of increased FAK rates, lost initial gains, and the WCI between Shanghai-Rotterdam lost $62 or 3% from last week to $1,739 for a 40ft box. Meanwhile, the rates on Shanghai-Los Angeles and Shanghai-New York edged up by $84 and $33 per 40ft box respectively. However, the rate hike on this route is losing ground and we expect rates to fall next week.