Drewry World Container Index 119% Higher Year on Year

Drewry’s composite World Container Index is up 119% year on year and increased marginally to $9,304.05 per 40ft container heading into Christmas. The Baltic Exchange Dry Index fell for the eleventh session on Thursday, as weaker capesize rates overshadowed gains in the panamax vessel segment.

Drewry World Container Index

Drewry said on Thursday, 23 December 2021 the average composite index of the WCI, assessed by Drewry for year-to-date, is $7,555 per 40ft container, which is $4,756 higher than the five-year average of $2,799 per 40ft container.

Drewry’s World Container index composite index increased marginally to $9,304.05 per 40ft container and is 119% higher than the same week in 2020.

Drewry Rate Matrix
  • Freight rates from Rotterdam – Shanghai fell 1% to reach $1,547 per 40ft box.
  • Rates on Shanghai – Rotterdam, Shanghai – Genoa, Shanghai – Los Angeles, Los Angeles – Shanghai, Shanghai – New York, Rotterdam – New York and New York – Rotterdam hovered around weeks level. Drewry expects rates to remain steady in the coming week.

Source: Drewry

From The TradersCommunity US Research Desk