World Container Index - 10 Feb

02.11.2022

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
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Sea and air cargo transportation: the end of the crisis regime?

For more than a year, the whole world has been living with COVID-19 and related restrictions. The coronacrisis had a huge impact on the transport and logistics industry represented by sea, rail and air cargo transportation. Some of them continue to be in crisis mode, while others have become beneficiaries of the crisis.

Article
01.22.2020
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