After starting the new xear with a 16 % plus, the World Container Index assessed by Drewry is now down by 0.2 % to 1,407.58 $ for a 40ft container.
The composite index of container freight rates on eight major routes to/from the US, Europe and Asia, index is down by 0.2 % this we[ds_preview]ek and down 21.5 % from the same period of 2017. The average composite index of the WCI, assessed by Drewry for year-to-date, is 1,409 $ per 40ft container, which is 175 $ lower than the five-year average of 1,584 $ for a 40ft container.
Freight rates on Shanghai-Los Angeles decreased by 60 $ this week to reach 1,411 $, and rates on Shanghai-New York slid by 13 $, to reach 2,440 $ for a 40ft box. The World Container Index (WCI), assessed by Drewry on the Shanghai-Genoa route, gained 21 $ from last week, to reach 1,427 $ for a 40ft box. Similarly, rates on Shanghai-Rotterdam increased to 1,726 $ from 1, 685 $ for a 40ft box. We expect the spot rates to increase next week on the back of the proposed GRIs.
