Freight News, Sea

World Container Index: Drewry assessment on Thursday, Sept. 21, 2017

[ September 21, 2017   //   ]
  • The composite index is down by 1.2% this week and down by 4% from the same period of 2016.
  • The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,532/40ft container, which is $100 lower than the five-year average of $1,632/40ft container. It is also 4% lower than a year ago.
  • The less-than-expected demand has already watered down the GRIs in September. The World Container Index (WCI) between Shanghai and Rotterdam lost another $84 for a 40ft box this week to reach $1,451. The hurricanes roiled volume to the East and Gulf Coast of the US, causing Transpacific rates to see-saw. While the rates from Shanghai to Los Angeles increased by $61 to reach $1,546 per feu, rates on Shanghai-New York declined by another $37 to reach $2,135 per 40ft box.