World Container Index down 1.2pc, rates to remain stable

DREWRY's composite World Container Index (WCI) decreased 1.2 per cent to US$7,945.31 per FEU last week, though remained 62 per cent higher than a year ago.

Drewry expects spot rates to remain stable in the coming weeks.

The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,038 per FEU, which is $5,805 higher than the five-year average of $3,232 per FEU.

Freight rates on Shanghai-Rotterdam dropped two per cent or $268 to $10,577 and Shanghai-Genoa fell one per cent or $138 to $12,904 per FEU.

Similarly, rates on Rotterdam-Shanghai run slid four per cent or $53 to $1,402 per FEU. Rates on Shanghai-Los Angeles, Los Angeles-Shanghai, Shanghai-New York, Rotterdam-New York and New York-Rotterdam hovered around previous week¡¯s level.

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2022/4/19 9:12:45