World Container Index (WCI) March 2022

The World Container Index has fallen as of 10 March 2022 by 1.1% to $9,179.98USD 40FT
container. The composite index remains 83% higher than a year ago. The average composite index assessed by Drewry for year-to-date, is $9,412.00 USD per 40FT container. This is $6,312.00 USD higher than the 5 five-year spot freight rate average of
$3,101.00 USD per 40FT container.

Spot sea freight rates on the transpacific trade lane sector saw some falls this week.
Rates for Shanghai to Los Angeles and Shanghai to New Year remain steady on these trade
lane sectors. Shanghai to Los Angeles at USD $10,985.00 per 40ft container. Shanghai to
New York at USD $12,961.00 per 40ft container.

Shanghai to Genoa saw an additional fall of 1% or USD $187.00 this week to USD
$12,503.00 for a 40ft container. Shanghai to Rotterdam fell another 2% or USD $283.00 this
week to USD $12,685.00 per 40ft container.