Drewry - World Container Index - 7 October

Our detailed assessment for Thursday, 7 October 2021

• The composite index decreased 2.2% this week, but, remains 289% higher than a year ago.
  

• The average composite index of the WCI, assessed by Drewry for year-to-date, is $7,056 per 40ft container, which is $4,593 higher than the five-year average of $2,464 per 40ft container.
  

• Drewry's World Container index composite index inched down by 2.2% and reached $10,129.72 per 40ft container, but is 289% higher than the same week in 2020. Freight rates on Shanghai to Los Angeles dropped 8% or $999 to reach $11,173 and Shanghai to New York fell 5% or $739 to $15,110 per 40ft box. Similarly, rates on Los Angeles to Shanghai dropped 5% or $63 to reach $1,320 per 40ft container. Rates on Rotterdam to Shanghai fell $21 to reach $1,604 per feu. However, rates on Shanghai to Rotterdam nudged up by 2% or $249 and stood at $14,807 per feu. Rates on Shanghai to Genoa and New York to Rotterdam gained 1% each to reach $13,765 and $1,116 per 40ft box. Rates on Rotterdam to New York hovered around previous weeks level. Drewry expects rates to remain steady in the coming week.