• ITVI.USA
    15,285.540
    -94.080
    -0.6%
  • OTLT.USA
    2.776
    -0.010
    -0.4%
  • OTRI.USA
    21.450
    -0.050
    -0.2%
  • OTVI.USA
    15,256.620
    -93.130
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,285.540
    -94.080
    -0.6%
  • OTLT.USA
    2.776
    -0.010
    -0.4%
  • OTRI.USA
    21.450
    -0.050
    -0.2%
  • OTVI.USA
    15,256.620
    -93.130
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

Drewry: World Container Index inches up 1.7%

The World Container Index rose 1.7 percent since last week to $1,465.72 per FEU, according to the latest assessment by London-based Drewry Shipping Consultants.

   The World Container Index (WCI) – a composite of container freight rates on eight major routes to and from the United States, Europe and Asia – rose 1.7 percent since last week to $1,465.72 per FEU, according to the latest assessment by London-based analyst Drewry Shipping Consultants.
   Although the composite index ticked up 1.7 percent this week, the reading is still a 19.4 percent decline from the same 2017 period.
   The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,431 per FEU, which is $147 lower than the five-year average of $1,578 per FEU.
   On the Shanghai-New York route, the WCI edged up by $14 per FEU since last week to reach $2,883 per FEU, as tight space in all-water services to the U.S. East Coast helped carriers drive rates up on services to the West Coast. As a result, the rates on the Shanghai-Los Angeles route gained $85 per FEU this week.
   Rates on the Asia-North Europe route were stable this week, while rates on the Shanghai-Genoa trade gathered $36 to reach $1,527 per FEU.
   “We expect rates to jack up on the back of the demand spike before the Chinese New Year holidays” and the Feb. 1 general rate increases, Drewry explained in its assessment.

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