World Container Index (WCI) 14 July 2022

Providing an interesting insight into world container index pricing – Courtesy of Drewry UK

WCI july

The World Container Index per 40 FT container as of 14 July 2022 decreased by 0.7 % to $6,998.80 USD 40FT. 
The composite index decreased by 21%  for the same week a year ago. The average composite index assessed by Drewry for year-to-date, is $8,321.00 USD per 40 FT container. 
This is $4,788.00 USD higher than the 5 five-year spot freight rate average of $3,533.00 USD per 40 FT container.

Freight rates on Shanghai – Los Angeles and Shanghai – Rotterdam dropped 1% each to $7,480 and $6,999 per feu respectively.
Spot rates on Rotterdam – Shanghai fell 7% or $87 to $1,241 per 40ft box.
However, rates on Los Angeles – Shanghai gained 1% to $1,292 per 40ft container.
Similarly, rates on New York – Rotterdam surged 3% or $41 to $1,280 per 40ft box.
Rates on Rotterdam – New York grew 2% or $128 to $6,929 per feu.
Rates on Shanghai – Genoa and Shanghai – New York hovered around previous weeks level.
Drewry expects the index to decrease in the next few weeks.

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