Drewry’s World Container Index increased 2% to $2,208 per 40ft container

The Drewry WCI composite index rose 2% to $2,208 per 40ft container, 79% below the previous pandemic peak of $10,377 in September 2021. However, the index was 55% higher than the average $1,420 in 2019 (pre-pandemic).

The average YTD composite index closed at $2,993 per 40ft container, $105 higher than the 10-year average of $2,887 (inflated by the exceptional 2020-22 Covid period).

Freight rates from Shanghai to Los Angeles increased 10% or $239 to $2,726 per 40ft container, and those from Shanghai to New York increased 8% or $272 to $3,894 per 40ft container. Conversely, spot rates from Rotterdam to Shanghai decreased 7% or $34 to $466 per 40ft container, and those from Shanghai to Genoa fell 4% or $140 to $3,031 per 40ft container.

Rates from Shanghai to Rotterdam decreased 3% or $66 to $2,304 per 40ft container, while those from New York to Rotterdam and Rotterdam to New York decreased 2% to $831 and $2,124 per 40ft container, respectively. Rates from Los Angeles to Shanghai reduced 1% or $4 to $705 per 40ft container. The Transpacific trade lane witnessed a reversal of its months-long WoW trend of declining spot rates due to the recent sailing cancellations. The imposition of tariffs, announced by Trump yesterday, is anticipated to introduce greater volatility to these spot rates.