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Drewry’s Container Index Dips 3%

[ January 21, 2025   //   ]

Drewry, the maritime research and consultancy, said its World Container Index decreased 3 percent to USUS$3,855 per 40-foot equivalent unit, or FEU, the week of Jan. 2.
The latest Drewry WCI composite index is 63 percent below the previous pandemic peak of USUS$10,377 in September 2021 but was 171 percent higher than the average 2019 (pre-pandemic) rate of USUS$1,420.
The average composite index for the year-to-date is USUS$3,915 per FEU, which is USUS$1,045 higher than the 10-year average rate of USUS$2,871 (inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Los Angeles decreased 5 percent or US248 to US$5,228 per FEU and those from Shanghai to New York fell 4 percent or US$260 to US$6,825 per FEU. Meanwhile, rates from New York to Rotterdam remained stable at US$828 per FEU, while rates from Los Angeles to Shanghai rose 1 percent to $725 per 40-footer. Rates for Rotterdam to New York rose 4 percent and US$2,798.
While rates on the transpacific trade were expected to rise due to front-loading ahead of a potential International Longshoremen’s Association port strike Jan. 15. However, the ILA and the U.S. Maritime Alliance reached a tentative six-year agreement the previous week.
Drewry provides spot market container freight rate information on other routes to those above at its Container Freight Rate Insight online service, which covers about 790 global port pairs.

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