Drewry’s World Container Index remained stable at $3,529 per 40ft container this week.
Source: Drewry World Container Index, Drewry Supply Chain Advisors
Our detailed assessment for Thursday, 12 December 2024
- The Drewry WCI composite index remained stable at $3,529 per feu, which is 66% below the previous pandemic peak of $10,377 in September 2021 but 148% more than the average $1,420 in 2019 (pre-pandemic).
- The average YTD composite index is $3,949 per feu, which is $1,091 higher than the 10-year average of $2,858 (inflated by the exceptional 2020-22 Covid period).
- Freight rates from New York to Rotterdam increased 3% or $23 to $830 per feu and those from Shanghai to Rotterdam increased 2% or $80 to $4,855 per feu. Likewise, rates from Rotterdam to Shanghai, Shanghai to Genoa, Los Angeles to Shanghai and Shanghai to New York inched up 1% to $520, $5,526, $726 and $5,199 per feu, respectively. On the other hand, rates from Shanghai to Los Angeles decreased 4% or $137 to $3,582 per feu and those from Rotterdam to New York shrank 1% or $27 to $2,622 per feu. Drewry expects spot rates to remain stable next week.
Spot freight rates by major route
Our assessment across eight major East-West trades:
Source: Drewry Supply Chain Advisors
Ocean spot market freight rates against 790 global port pairs
If you need spot market container freight rate information on other routes to those above, find out more about our Container Freight Rate Insight (CFRI) online service, which covers over 790 global port pairs (updated monthly).
