World Container Index - 10 Feb


Drewry’s composite World Container Index decreased marginally by 0.2% to $9,359.10 per 40ft container this week.

Detailed assessment for Thursday, 10 February 2022

  • The composite index decreased marginally by 0.5% this week, but, remains 80% higher than a year ago.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,468 per 40ft container, which is $6,486 higher than the five-year average of $2,982 per 40ft container.
  • Drewry’s World Container Index composite index decreased marginally by 0.2% to $9,359.10 per 40ft container, but is 80% higher than the same week in 2021. Freight rates on Shanghai — New York grew 2% or $310 to reach $13,437 per feu. However, rates on Shanghai — Los Angeles and Los Angeles — Shanghai fell 1% each to $10,437 and $1,250 per 40ft container respectively. Similarly, rates on Rotterdam — Shanghai and New York — Rotterdam dropped 3% each to reach $1,396 and $1,235 per feu respectively. Rates on Shanghai — Rotterdam, Shanghai — Genoa and Rotterdam — New York hovered around previous weeks level. Drewry expects rates to remain stable in the coming week.

Analytics on topic
Review of Maritime Transport 2020
The maritime transport is at a pivotal moment facing not only immediate concerns resulting from the pandemic, but also long-term shifts in supply-chain design, changes in consumption and a heightened global sustainability and low-carbon agenda.
Source: UNCTAD
How decarbonizing shipping could unlock a global energy transition
Emissions from shipping could grow by 250% by 2050 if no action is taken.
Halving shipping’s emissions by 2050 could require $1.4 trillion in investment.
But the scale of this challenge could be big enough to spur decarbonization across other sectors, too.
Source: World Economic Forum