Bangkok Shipowners and Agents Association

Bangkok Shipowners and Agents Association
To represent and promote the views and policies of the Association to the Thai Government and all other governmental official and non-governmental bodies which may be concerned with shipping.
Home News World Shipping News Drewry notes east-west rate decline in World Container Index
Drewry notes east-west rate decline in World Container Index PDF Print E-mail
Monday, 09 October 2017 23:49

 

THE World Container Index (WCI), covering mainline east-west routes assessed by London's Drewry Maritime Research, shows a 4.9 per cent decline to US$1317.53 per FEU to the end of September.

The index is a composite of container freight rates on eight major routes to/from the US, Europe and Asia, providing a two-year trend, reported the American Journal of Commerce.

The average composite index of the WCI year to date is $1,527 per FEU, which is $101 lower than the five-year average of $1,628 per FEU and also six per cent lower than a year ago.

The rates have dropped ahead of the Golden Week holidays in China. The WCI between Shanghai and Rotterdam lost another $54 per FEU this week to reach $1,139. 

Similarly, the rates from Shanghai to Los Angeles dropped by $82 to reach $1,464 per FEU and the rates on Shanghai-New York declined by another $154 to reach $1,981 per FEU.