Drewry World Container Index - 05 Oct

Drewry detailed assessment for Thursday, 5 October 2023

• The composite index has decreased by 1.1% to $1,389.5 this week, and has dropped by 62.3% when compared with the same week last year.
• The latest Drewry WCI composite index of $1,389.5 per 40-foot container is now 2% below than average 2019 (pre-pandemic) rates of $1,420.
• The average composite index for the year-to-date is $1,738 per 40ft container, which is $940 lower than the 10-year average rates of $2,678.
• The composite index decreased by 1.1% to $1,389.5 per 40ft container and is 62.3% lower than the same week in 2022. Freight rates on Shanghai to Rotterdam, Rotterdam to Shanghai and New York to Rotterdam decreased by 2% to $1,027, $470 and $739 per 40ft containers respectively. Likewise, rates on Shanghai to Genoa, Shanghai to Los Angeles and Los Angeles to Shanghai dropped by 1% to $1,471, $1,998 and $822 per feu respectively. Rates on Shanghai to New York and Rotterdam to New York remain stable. Drewry anticipates East-West spot rates trend to remain close to current levels, overall, in the upcoming week.

If you need spot market container freight rate information on other routes to those below, find out more about our Container Freight Rate Insight (CFRI) online service, which covers over 790 global port pairs (updated monthly).

Source: Drewry Supply Chain Advisors