MARITIME research consultancy Drewry’s composite World Container index increased 1.7% or $170 in the past week and remains 344% higher than a year ago.
This is the 20th consecutive week of increases.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $6,598 per 40-foot container, which is $4,304 higher than the five-year average of $2,294 per 40-foot container.
Freight rates on Shanghai to New York surged 6% or $899 to reach $15,035 per 40-foot container. Spot rates from Los Angeles to Shanghai gained $35 to $1,433 per FEU.
Similarly, rates on Shanghai to Rotterdam and New York to Rotterdam grew 2% each to reach $14,074 and $1,168 per 40-foot box respectively. However, rates from Rotterdam to New York dropped 11% or $685 to $5,776 per FEU.
Freight rates on Shanghai to Genoa and Rotterdam to Shanghai remain stable at the previous week’s level.
Drewry expects rates to increase further in the coming week.
