• ITVI.USA
    16,350.840
    -55.350
    -0.3%
  • OTLT.USA
    2.731
    0.025
    0.9%
  • OTRI.USA
    21.660
    -0.160
    -0.7%
  • OTVI.USA
    16,343.200
    -45.660
    -0.3%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    16,350.840
    -55.350
    -0.3%
  • OTLT.USA
    2.731
    0.025
    0.9%
  • OTRI.USA
    21.660
    -0.160
    -0.7%
  • OTVI.USA
    16,343.200
    -45.660
    -0.3%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
American Shipper

Drewry: World Container Index down 2% this week

So far this year, the average composite index of the World Container Index (WCI), assessed by London-based maritime industry consultant Drewry, stands at $1,466 per FEU, $128 lower than the five-year average of $1,595 per FEU.

   The World Container Index (WCI), a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, fell 2 percent this week to $1,133.96 per 40 ft. container (FEU), according to the latest assessment by Drewry, the UK-based shipping consultancy said Dec. 14.
   The composite index is down 2 percent this week and down 20 percent from the same period of 2016, statistics show.
   So far this year, the average composite index of the WCI stands at $1,466 per FEU, $128 lower than the five-year average of $1,595 per FEU and 20 percent lower than at this point year ago, Drewry said.
   Data show that rates on the Asia-Europe and transpacific routes softened this week, as the winter season gripped major east-west trades. The WCI on the Shanghai-Rotterdam route lost $31 from last week to reach $1,376 per FEU. Rates are 19 percent weaker than in the same period in 2016, according to Drewry.
   Rates between Shanghai and Los Angeles shed $20 for a 40 ft. box and those between Shanghai and New York fell by $13 to reach $1,867 per FEU. Rates on the Shanghai-Los Angeles and Shanghai-New York routes are 27 percent and 25 percent weaker than at the same time year ago, respectively, according to Drewry.
   “We expect the mid-December GRIs (general rate increases) to be deferred in the wake of soft demand,” the firm said in a statement.

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