• ITVI.USA
    15,909.400
    -330.930
    -2%
  • OTLT.USA
    2.776
    0.014
    0.5%
  • OTRI.USA
    21.610
    -0.170
    -0.8%
  • OTVI.USA
    15,915.300
    -318.010
    -2%
  • 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
    15,909.400
    -330.930
    -2%
  • OTLT.USA
    2.776
    0.014
    0.5%
  • OTRI.USA
    21.610
    -0.170
    -0.8%
  • OTVI.USA
    15,915.300
    -318.010
    -2%
  • 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 nearly 5% this week

Not only is the composite index of container freight rates from around the world down by 4.9 percent this week, but it’s also down 6 percent from the same period in 2016, according to London-based maritime industry consultant Drewry.

   The World Container Index, a composite of container freight rates on eight major routes to and from the United States, Europe and Asia, fell 4.9 percent this week to $1,317.53 per 40-foot container (FEU), according to an assessment by London-based research and consulting services firm Drewry.
   Not only is the composite index down by 4.9 percent this week, Drewry said Sept. 28, but it’s also down 6 percent from the same period in 2016.
   The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,527 USD per 40-foot container, $101 lower than the five-year average of $1,628/40ft. container. It’s also six percent lower than a year ago.
   The rates have dropped ahead of Golden Week holidays in China, Drewry reported. Golden Week is a semi-annual seven-day national holiday that’s typically observed during the first week in October.
   The World Container Index between Shanghai and Rotterdam also lost another $54 this week to reach $1,1397 per FEU, according to Drewry. Similarly, rates from Shanghai to Los Angeles dropped $82 to reach $1,464 per FEU, and the rates on Shanghai-New York fell another $154 to reach $1,981 per FEU.
   “We expect the rates to fall further next week on account of the Chinese factory shutdown,” Drewry said in a statement.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.