Drewry’s World Container index composite index this week has decreased by 2.3% and reached $9,900.25 per 40ft container, but is 283% higher than the same week in 2020.
The average composite index of the WCI, assessed by Drewry year-to-date, is $7,126 per 40ft container, which is $4,629 higher than the five-year average of $2,497 per 40ft container.
According to Drewry’s WCI released today, October 14, 2021, freight rates on Shanghai to New York dropped 7% or $1,085 to reach $14,025 and Shanghai to Los Angeles fell 2% or $275 to $10,898 per 40ft box. Similarly, rates on Los Angeles to Shanghai, Shanghai to Rotterdam, Rotterdam to Shanghai and Shanghai to Genoa declined 1% respectively per 40ft container.
However, rates on New York to Rotterdam nudged up by 3% or $38 and stood at $1,154 per feu. Rates on Rotterdam to New York hovered around previous weeks level. Drewry expects rates to remain steady in the coming week.