Drewry’s World Container Index - 25 Aug

Drewry’s composite World Container Index decreased by 4% to $5,985.53 per 40ft container this week.

Drewry's detailed assessment for Thursday, 25 August 2022

The composite index decreased by 4% this week, the 26th consecutive weekly decrease, and has dropped by 39% when compared with the same week last year.
The latest Drewry WCI composite index of $5,986 per 40-foot container is now 42% below the peak of $10,377 reached in September 2021, but it remains 64% higher than the 5-year average of $3,648.

The average composite index for the year-to-date is $7,995 per 40ft container, which is $4,347 higher than the five-year average ($3,648 mentioned above).
The composite index decreased by 4% to $5,985.53 per 40ft container, and is 39% lower than the same week in 2021. Freight rates on Shanghai – Los Angeles dropped 6% or $394 to $6,127 per feu. Spot rates on Shanghai – Rotterdam fell 5% or $420 to $8,010 per 40ft container. Rates on Shanghai – Genoa and New York - Rotterdam decreased 2% each to $8,391 and $1,278 per 40ft box respectively. Similarly, rates on Shanghai – New York dipped 1% to $9,569 per feu. Rates on Los Angeles – Shanghai, Rotterdam – Shanghai and Rotterdam – New York hovered around the previous week’s level. Drewry expects the index to decrease in the next few weeks.

Spot freight rates by major route

Drewry's assessment across eight major East-West trades: