JUNE 15, 2017 —The World Container Index, a composite of container freight rates on eight major routes to/from the U.S., Europe and Asia, is down by 0.5% to $1,464 /40ft container this week, reports Drewry Shipping Consultants Limited
The composite index is down by 0.5% this week and up by 44% from the same period of 2016.
The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,566/40ft container, which is $122 lower than the five-year average of $1,688/40ft container. It is also 44% higher than a year ago.
Spot rates on the Shanghai-Rotterdam route lost $27 this week to reach $1,712 for a 40ft box. Meanwhile, rates on the Transpacific trade declined drastically as GRIs failed to persist. Spot rates from Shanghai to New York lost $112 to reach $2,202 for a 40ft box while rates to Los Angeles plummeted by $95 to $1,282.