Drewry’s World Container Index decreased by 5.1% to $1,404.38 per 40ft container this week.
The composite index has decreased by 5.1% to $1,404.38 this week, and has dropped by 65% when compared with the same week last year. The latest Drewry WCI composite index of $1,404.38 per 40-foot container is now 1% below than average 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $1,747 per 40ft container, which is $932 lower than the 10-year average rates of $2,678.
The composite index decreased by 5.1% to $1,404.38 per 40ft container and is 65% lower than the same week in 2022. Freight rates on Shanghai to Rotterdam nosedived 10% or $120 for two consecutive weeks, and reached $1,052 which is lowest since Jun 2016.
For more information: drewry.co.uk