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Drewry: World Container Index down by 0.3%

The composite index decreased 0.3% this week, but increased by 12.8% when compared with same period of 2018, according to figures by global shipping consultancy Drewry.

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The composite index decreased 0.3% this week, but increased by 12.8% when compared with same period of 2018, according to figures by global shipping consultancy Drewry.

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 0.3% to $1,330.29 per 40ft container, as of Thursday, 18 April 2019.

Namely, freight rates on Shanghai-Rotterdam dropped $48 to $1312 for a 40ft container and $12 on Shanghai-Genoa head haul leg.

"However, with imposition of GRI, freight rates on Rotterdam – New York grew $306 to $2302 for a 40ft box. Drewry expects that the rates may fall next week."

See here a two-year spot freight rate trend for the World Container Index:

world-container-index-1

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