World Container Index: 02 Sep

02.09.2021

Drewry’s composite World Container index increased 1.7% or $170 to $9,987.27 per 40ft container.

The composite index increased 1.7% or $170 this week, and also, remains 344% higher than a year ago.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $6,598 per 40ft container, which is $4,304 higher than the five-year average of $2,294 per 40ft container.
Drewry’s composite World Container index increased by 1.7% or $170 to reach $9,987.27 per 40ft container, 344% higher than the same week in 2020.
This is the 20th consecutive week of increases. Freight rates on Shanghai to New York surged 6% or $899 to reach $15,035 per 40ft container.
Spot rates from Los Angeles to Shanghai gained $35 to $1,433 per feu. Similarly, rates on Shanghai to Rotterdam and New York to Rotterdam grew 2% each to reach $14,074 and $1,168 per 40ft box respectively.
However, rates from Rotterdam to New York dropped 11% or $685 to $5,776 per feu. Freight rates on Shanghai to Genoa and Rotterdam to Shanghai remain stable at previous weeks level.
Drewry expects rates to increase further in the coming week.

Topics

Sea transportation

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