The World Container Index decrease by 6% this week as per Drewry

Photo: 141169744 © Mr.siwabud Veerapaisarn |

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates continue to fall. As it is mentioned, their composite World Container index decreased by 6% to $2,138.70 per 40 feet container this week, and is 77% lower than the same week in 2021, which is the 41st consecutive week with a decrease.

Freight rates on Shanghai – Rotterdam dropped 14% or $279 to $1,686 per FEU. Spot rates on Shanghai – Genoa fell 6% or $177 to $2,908, while rates from Shanghai – New York slipped 9% or $415 to $3,993 per 40 feet box respectively.

Similarly, rates on Shanghai – Los Angeles slid 2% to $1,997 per FEU. Rates on Rotterdam – Shanghai slipped 3% to $799, Rotterdam – New York fell 1% to $7,151 per FEU respectively.

Rates on New York – Rotterdam and Los Angeles – Shanghai hovered around the previous week’s level. Drewry expects smaller week-on-week reductions in rates in the next few weeks.

Source: World Container Index, Drewry Supply Chain Advisors

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.