World Container Index - 09 Sep

09.09.2021

Drewry’s composite World Container index increased 1% or $97 to $10,083.84 per 40ft container.

Our detailed assessment for Thursday, 9 September 2021

  • The composite index increased 1% or $97 this week, and also, remains 309% higher than a year ago.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is $6,695 per 40ft container, which is $4,367 higher than the five-year average of $2,327 per 40ft container.
  • Drewry’s composite World Container index increased by 1% or $97 to $10,083.84 per 40ft container, 309% higher than the same week in 2020. This is the 21st consecutive week of increases. Freight rates on Rotterdam to New York surged 7% or $384 to reach $6,160 per 40ft container. Spot rates from Shanghai to Rotterdam gained 2% or $213 to $14,287 per feu. Similarly, rates on Shanghai to Genoa, Shanghai to Los Angeles, Los Angeles to Shanghai, Shanghai to New York and New York to Rotterdam grew 1% each per 40ft box respectively. However, rates from Rotterdam to Shanghai dropped 1% or $21 to $1,626 per feu. Drewry expects rates to increase further in the coming week but steadily.

Spot freight rates by major route

Our assessment across eight major East-West trades:

Spot freight rates by route - assessed by Drewry

Analytics on topic
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Review of maritime transport 2021

Maritime transport defied the COVID-19 disruption. In 2020, volumes fell less dramatically than expected and by the end of the year had rebounded, laying the foundations for a transformation in global supply chains and new maritime trade patterns.

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09.01.2021
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Lloyd’s List Half-Year Outlook

The half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.

Source: Lloyd's Loading List