World Container Index - 28 Oct


Detailed assessment for Thursday, 28 October 2021

The composite index decreased 2% this week, but, remains 276% higher than a year ago.

The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,248 per 40ft container, which is $4,687 higher than the five-year average of $2,561 per 40ft container.

Drewry’s World Container index composite index decreased 2% and reached $9,669.47 per 40ft container, but is 276% higher than the same week in 2020. Freight rates on Shanghai — Rotterdam fell 3% or $493 to reach $14,062 per feu. Similarly, spot rates on Shanghai — Genoa and Shanghai — New York dropped 3% each to reach $13,123 and $13,554 per 40ft box respectively. Rates on Los Angeles — Shanghai fell $13 to $1,302 per 40ft container. However, rates on Rotterdam — Shanghai and Shanghai — Los Angeles gained 1% to reach $1,591 and $10,976 per feu respectively. Rates on New York — Rotterdam and Rotterdam — New York hovered around previous weeks level. Drewry expects rates to remain steady in the coming week.

Analytics on topic
Will the cost of shipping from China go down, and how will this affect retail business?

Over the past year, rates have fallen for container shipping from China (according to the Drewry World Container Index). Pricing has approached pre-crises levels. Will this trend be reflected in retail business, and what issues are transport operators concerned with? took these questions to key players on the market.

Message from Alexey Grom, CEO of UTLC ERA regarding the launch of renewed and updated ERAI web-portal.

The Eurasian Rail Alliance Index (ERAI) was introduced for the first time exactly a year ago, at PRO//Dvizhenie.1520 Transport Logistics Forum in Sochi. It is a unique instrument that allows any market player to decide on the delivery mode by assessing the cost of transportation via the longest leg of the Trans-Eurasian Route.