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
Can the New Silk Road Compete with the Maritime Silk Road?
What are the pros and cons of the rail routes compared to the sea?
Rail Container Transportation in Eurasia in the First Half of 2021
In the first half of 2021, 336,598 Twenty-Foot Equivalent Units (TEUs) were transported along the Eurasian railway transit route in the China—Europe—China direction, which is 50% more than in the first half of 2020.