Drewry: World Container Index Up 19.8% on Week

2021-01-09 11:12:33 Shipping News

The composite index increased 19.8% this week and 185% up when compared with same period of 2020.

The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,221 per 40ft container, which is $3,652 higher than the five-year average of $1,569 per 40ft container.

Drewry’s composite World Container index increased 19.8% or $862 to $5,220.99 for a 40ft container, which is 185% higher than the same period in 2020. Freight rate on Shanghai-Rotterdam surged 34% or $2,276 to reach $8,882 for a 40ft container and those on Shanghai-Genoa gained 18% or $1,282 to stand at $8,380 for a 40ft box. Similarly, rates on Shanghai-New York increased 24% or $1,233 to come in at $6,385 per feu.

Freight rates from New York to Rotterdam grew 6% or $39 to $690 for a 40ft container. Drewry expect rates to remain on higher side next week.

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