World Container Index - 20 Jan

01.27.2022

Drewry’s composite World Container Index increased 1.6% to $9,698.33 per 40ft container this week.

Our detailed assessment for Thursday, 20 January 2022

  • The composite index increased by 1.6% this week, and, remains 82% higher than a year ago.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,551 per 40ft container, which is $6,656 higher than the five-year average of $2,895 per 40ft container.
  • Drewry’s World Container Index composite index increased 1.6% to $9,698.33 per 40ft container, and is 82% higher than the same week in 2021. Spot rates on transpacific lanes have steadily been increasing for the 7th consecutive week. Freight rates from Shanghai — Los Angeles gained 5% or $576 to reach $11,197 and rates from Shanghai — New York surged 2% or $216 to reach $13,987 per 40ft container. Similarly, rates from Rotterdam — New York rose 1% to $6,292 per feu. However, rates from Rotterdam — Shanghai dropped 5% to $1,452 per 40ft box. Rates from Los Angeles — Shanghai fell 2% to reach $1,262 per feu. Rates on Shanghai — Rotterdam, Shanghai — Genoa and New York — Rotterdam hovered around previous weeks level. Drewry expects rates to climb higher in the coming week.

Analytics on topic
Article
11.29.2023
Shipping Industry Trends in 2023

The shipping industry in 2023 is characterized by cautious consumer spending and sluggish container demand growth, coupled with the looming risks of oversupply

Source: Container-xchange.com
Article
01.26.2024
Red Sea attacks see exporters turn to China-Europe Railway Express ahead of Lunar New Year

Many shipping companies have pulled their vessels from the Suez Canal route as Houthi rebels in Yemen continue to fire at cargo ships. Some exporters are now using the overland rail route between China and Europe, with enquiries doubling since the Red Sea attacks began.