World Container Index - 09 Dec


Drewry’s composite World Container index increased by 2.3% to $9,262.02 per 40ft container this week.

Detailed assessment for Thursday, 9 December 2021

  • The composite index increased 2.3% this week, and, remains 170% higher than a year ago.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,484 per 40ft container, which is $4,745 higher than the five-year average of $2,739 per 40ft container.
  • Drewry’s World Container index composite index increased by 2.3% to $9,262.02 per 40ft container, and is 170% higher than the same week in 2020. Freight rates from Shanghai — Los Angeles surged 5% or $440 to $10,138 per 40ft box. Spot rates from Shanghai — New York and Shanghai — Genoa grew 4% and 3% to reach $13,118 and $12,801 per feu respectively. Similarly, rates from Rotterdam — New York gained 1% or $69 to $6,283 per feu. However, rates on Rotterdam — Shanghai dropped 2% to reach $1,544 per 40ft container. Rates on Shanghai — Rotterdam, Los Angeles — Shanghai and New York — Rotterdam hovered around previous weeks level. Drewry expects rates to remain steady in the coming week.

Analytics on topic
Trade outlook 2023: slow steaming in rough waters

After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. But the supply chain pain is expected to ease and shipping a container will be cheaper

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.