Drewry’s World Container Index increased 1 percent to $2,725 for a 40ft container in the week of April.

The composite index grew by one percentage to $2,725 per 40ft container in the week that passed and has risen by 55% when compared to the previous week. The current Drewry WCI composite index of $2,725 for 40ft containers is 92% higher than the typical for 2019 (pre-pandemic) rate of $1420.

The median composite index of the past year is $3,230 per 40ft of container that is $519 more than the average for 10 years that was $2,712 (which was increased due to the extraordinary 2020-22 Covid timeframe).

The cost of freight from Shanghai to Genoa rose 3%, (or $102 to $3,717) per 40ft container. Similar to that, rates from Shanghai to Rotterdam were up 2% which is $47, bringing them to $3,103 for each FEU. However, rates from Rotterdam up to Shanghai or Shanghai from Los Angeles decreased 1% to $739 and $3,371 for a 40ft container, according to. The rates for Los Angeles to Shanghai, Shanghai to New York, New York to Rotterdam and Rotterdam to New York remain stable. Drewry anticipates that freight rates coming from China to be stable over the next week.

Source: drewry.co.uk