World Container Index Drewry - 04 Nov


Drewry’s composite World Container index decreased 4.9% to $9,195.41 per 40ft container this week.

Our detailed assessment for Thursday, 4 November 2021

  • The composite index decreased 4.9% this week, but remains 252% higher than a year ago.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,293 per 40ft container, which is $4,701 higher than the five-year average of $2,592 per 40ft container.
  • Drewry’s World Container index composite index decreased 5% and reached $9,195.41 per 40ft container, but is 252% higher than the same week in 2020. Freight rates on Transpacific Eastbound lanes, Shanghai — Los Angeles dropped 10% or $1,119 to reach $9,857 and Shanghai — New York fell 7% or $887 to reach $12,667 per 40ft box. Similarly, spot rates from Shanghai — Genoa declined 3% to $12,693 and Shanghai — Rotterdam dropped 2% to $13,798 per feu respectively. Rates on Los Angeles — Shanghai and Rotterdam — New York fell 1% each to reach $1,288 and $6,123 per 40ft container. Rates on New York — Rotterdam and Rotterdam — Shanghai hovered around previous weeks level. Drewry expects rates to remain steady in the coming week.
Spot freight rates by major route

Our assessment across eight major East-West trades:

Analytics on topic
Rail Container Transportation in Eurasia in the First Half of 2020

In the first five months of 2020, the total value of mutual trade between the EU and China carried out by railway transport, increased by 21.22% year-on-year (47.42% more in May than in January 2020) . This development allowed rail transport to increase its share in the total trade volume from 2.83% in January-May 2019 to 3.47% in January-May 2020.

Ship emission norms, war in Europe & demand slowdown cloud predictability of ocean freight rates: DB Schenker

It has been an eventful nine months in 2022 for the supply chain industry. Ocean freight rates reached unprecedented highs as supply chain disruptions continued to roil the industry. Prices are finally cooling down, but still continue to be very high and are nowhere close to the 2019 levels. Will ocean freight rates continue to soften or will it rise again? What will be the impact of a looming recession, the conflict in Europe and a new set of regulations that kicks in early next year to rein in carbon emissions from ships?