Business, Freight News, Sea

Drewry’s World Container Index Dips 3%

[ February 7, 2025   //   Gary G Burrows ]

Drewry, the maritime research and consultancy, said its World Container Index decreased 3 percent to USUS$3,273 per 40-foot equivalent unit, or FEU, the week of Feb. 6.
The latest Drewry WCI composite index is 68 percent below the previous pandemic peak of USUS$10,377 in September 2021 but was 130 percent higher than the average 2019 (pre-pandemic) rate of USUS$1,420.
The average composite index for the year-to-date is USUS$3,638 per FEU, which is USUS$760 higher than the 10-year average rate of USUS$2,871 (inflated by the exceptional 2020-22 Covid period).
Freight rates for Rotterdam to New York decreased 10 percent or US$263 to US$2,469 per 40-footer, while rates from Los Angeles to Shanghai slipped 2 percent to $707 per 40-footer. New York to Rotterdam, Shanghai to Los Angeles and Shanghai to New York fell 1 percent to US$833, US$4,717 and US$6,212, respectively.
Drewry said it expects spot rates to decrease slightly in the coming week to due the increase in capacity.
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.

Tags: Drewry