Drewry WCI: Week’s Container Freight Rates Drop 1.9%


The World Container Index (WCI) assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 1.9% to US$1292.06/40-foot container (updated October 5, 2017).

The composite index is down by 1.9% this week and up by 3% from the same period of 2016.

The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,521/40ft container, which is $104 lower than the five-year average of $1,625/40ft container.

It is also 3% higher than a year ago.

Drewry’s composite index has been heading south since August, losing $299 per FEU in two months to reach $1,292 this week.

The WCI between Shanghai and Rotterdam lost another $72 for a 40-foot box this week to reach $1,325.

Similarly, the rates from Shanghai to Los Angeles dropped by $25 to reach $1,439 per FEU, and the rates on Shanghai-New York declined by another $21 to reach $1,960 per 40-foot box.

Neil Davidson, Senior Analyst with Drewry Maritime Research has written a new technical paper that offers fresh, pioneering insight into how to achieve optimal terminal efficiency via the analysis of terminal fragmentation

Meanwhile, the rates on Rotterdam-New York surged to $2,003, an increase of $120.

Drewry stated: “We expect the rates on routes originating from Asia to decline again next week, following a week-long holiday in China.”

View Drewry’s latest freight rate assessments on eight major East-West trades:

Read more: Further information on Drewry’s ocean freight cost benchmarks for both spot rates and contract rates

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.