World Container Index (WCI) 15 December 2022

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

The World Container Index per 40 FT container as of 15 December2022 decreased by 1% to $2,127.33 USD per 40FT container

The composite index decreased by 1% this week, the 42nd consecutive weekly decrease, and has dropped by 77% when compared with the same week last year

The average composite index for the year-to-date is $6,547 per 40ft container, which is $3,855 higher than the 10 year average of $2,692

Freight rates on New York – Rotterdam dropped 4% or $53 to $1,269 per feu.
Spot rates on Shanghai – New York and Shanghai – Rotterdam fell 1% each to $3,952 and $1,674 per 40ft box, respectively.
Similarly, rates on Los Angeles – Shanghai and Rotterdam – New York slipped 1% each to $1,175 and $7,050 per 40ft container, individually.
Rates on Rotterdam – Shanghai, Shanghai – Genoa and Shanghai – Los Angeles hovered around the previous week’s level.
Drewry expects smaller week-on-week reductions in rates in the next few weeks.

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