Drewry: World Container Index for April 20th

By: | at 07:12 AM | Liner Shipping  

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 0.5% to US$1449.91/40ft container [updated Thurs, 20 Apr 17].

Two-year spot freight rate trend for the World Container Index:

Drewry assessment: Thursday, 20 April 2017

The composite index is down by 0.5% this week and it is up by 102% 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$1,602/40ft container, $118 lower than the 5-year average of $1,721/40ft container. It is also double the price of a year ago.

Spot rates from Europe to Asia have increased by 10% this week, representing the fourth consecutive week of price rise. Rates on this trade are rising because of a space crunch at European ports, which we expect to persist till end-May. By contrast, the rates from Asia to Europe have decreased by 1% this week.

Shipping lines failed to implement the 15 April transpacific GRIs, which led to a decrease of rates from Asia to the US of 4% this week. Drewry expects rates to slide down again next week.


Be the first to comment on this article!

To avoid Spammers, we ask that you log in using your AJOT.com account. Free accounts have access to commenting.

Did you forget your password?

It happens...