Drewry World Container Index - 06 Jan

Our detailed assessment for Thursday, 6 January 2022

• The composite index increased by 1.1% this week, and, remains 80% higher than a year ago.
• The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,409 per 40ft container, which is $6,574 higher than the five-year average of $2,835 per 40ft container.
• Drewry’s World Container Index composite index increased 1.1% to $9,408.81 per 40ft container, and is 80% higher than the same week in 2021. After a steady decrease in rates on transpacific lanes since mid-September 2021, we now see the rates increasing for the 5th consecutive week. Freight rates from Shanghai – Los Angeles and Shanghai – New York gained 3% each to reach $10,520 and $13,518 per 40ft box respectively. Similarly rates from New York – Rotterdam surged 5% or $57 to reach $1,244 per feu. However, rates from Los Angeles – Shanghai fell 1% to reach $1,290 per 40ft container. Rates on Shanghai – Rotterdam, Rotterdam – Shanghai, Shanghai – Genoa and Rotterdam – New York hovered around previous weeks level. Drewry expects rates to climb higher in the coming week on account of Chinese New Year.

Spot freight rates by major route

Our assessment across eight major East-West trades: