Drewry’s composite World Container Index remained stable at $1,681.04 per 40ft container this week.
Source: Drewry World Container Index, Drewry Supply Chain Advisors
The composite index remained stable (decreased a marginal 0.1%) this week, and has dropped by 78% when compared with the same week last year. The latest Drewry WCI composite index of $1,681 per 40-foot container is now 84% below the peak of $10,377 reached in September 2021. It is 37% lower than the 10-year average of $2,688, indicating a return to more normal prices, but remains 18% higher than average 2019 (pre-pandemic) rates of $1,420.
The average composite index for the year-to-date is $1,851 per 40ft container, which is $837 lower than the 10-year average ($2,688 mentioned above). The composite index remained stable at $1,681.04 per 40ft container, and is 78% lower than the same week in 2022. Freight rates on Rotterdam – New York fell by 9% or $339 to $3,375 per feu. Rates on Shanghai – Rotterdam dropped 6% or $91 to $1,452 per 40ft box.
For more information: drewry.co.uk