WCI seen rising: Drewry

2022-01-17 11:51:24 Trade Body / Associations News

On account of Chinese New Year, Drewry expects rates to climb higher in the coming weeks. Its World Container Index (WCI) increased 1.1 per cent to $9,408.81 per 40ft container for the week to January 6, 2022.

The average composite index of the WCI, assessed by Drewry year-to-date, is $9,409 per 40ft container, which is $6,574 higher than the five-year average of $2,835 per 40ft container.

 Freight rates from Shanghai-Los Angeles and Shanghai-New York recently gained 3 per cent each to reach $10,520 and $13,518 per 40ft box, respectively. Rates on Shanghai-Rotterdam, Rotterdam-Shanghai, Shanghai-Genoa and Rotterdam-New York didn’t see much change week-on-week, said a report.

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