World Container Index up by 4.9%

Global container handling capacity projected to increase by 260m TEU

The composite index increased 4.9% this week but, 7.6% down as compared with same period of 2018.

The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,453 per 40ft container, which is $7 higher than the five-year average of $1,446 per 40ft container.

Drewry’s composite World Container Index (WCI) increased 4.9% to $1373.28 for a 40ft container. Freight rates from Shanghai-New York elevated 6% or $167 to touch $2823 per 40ft container. 

Similarly, rates on Shanghai-Rotterdam climbed $99 and stood at $1399 per 40ft box. Rates on Shanghai-Genoa gained $77 to reach $1368 per feu. However, freight rates from New York-Rotterdam weakened $17 to $519 per 40ft box. Drewry expects rates to remain stable next week.