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 by 0.8% to $1282.1/40ft container.
Two-year spot freight rate trend for the World Container Index:
![[World Container Index - Assess by Drewry // $/40ft container // a line graph with 08-Oct-15 to 12-Oct-17 along the X axis and $600 to $2,000 along the Y axis. The line has several peaks and valleys throughout, with the lowest point between 03-Mar-16 and 21-Apr-16, and the highest point between 22-Dec-16 and 09-Feb-17]](https://app.eesea.com/news/wp-content/uploads/171012Drewrychart.png)
World Container Index assessed by Drewry
World Container Index: Drewry assessment on Thursday, 12 October 2017
- The composite index is down by 0.8% this week and up by 1% from the same period of 2016.
- The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,515/40ft container, which is $107 lower than the five-year average of $1,622/40ft container. It is also 1% higher than a year ago.
- Drewry’s composite index lost another $10 per feu this week to reach $1,282. Freight rates have dropped after the Golden Week holidays in China. The World Container Index (WCI) between Shanghai and Rotterdam lost $48 for a 40ft box this week to reach $1,277, and the rates on Shanghai-New York declined by $20 to reach $1,940 per 40ft box. However, the rates from Shanghai to Los Angeles gathered $26 to reach $1,465 per feu. Carriers will attempt rate hikes for the second half of October and this should result in an upward rate movement next week.
View our latest freight rate assessments on eight major East-West trades:
![[Spot freight rates by route - assess by Drewry // Route, 28-Sep-17, 5-Oct-17. 12-Oct-17, Weekly change (%), Annual change (%) / Composite index: $1,318 $1,292 $1,282 -1% 1% / Shanghai - Rotterdam: $1,397 $1,325 $1,277 -4% 3% / Rotterdam - Shanghai: $1,228 $1,184 $1,183 0% 89% / Shanghai - Genoa: $1,299 $1,308 $1,322 1% 42% / Shanghai - Los Angeles: $1,464 $1,469 $1,465 2% -16% / Los Angeles - Shanghai: $479 $479 $479 0% 3% / Shanghai - New York: $1,981 $1,960 $1,940 -1% -21% / New York - Rotterdam: $500 $504 $500 -1% -4% / Rotterdam - New York - $1,883 $2,003 $1,871 -7% 6%]](https://app.eesea.com/news/wp-content/uploads/171012Drewrytable.png)
For further information on Drewry’s extensive range of ocean freight cost benchmarking services for both spot market and contract rates: Click Here.
Source: Drewry (LF)
Source: Drewry