Drewry's Composite World Container Index down 7% for the week of 46/2022

Phaata Phaata

The Drewry Composite World Container Index (WCI) was down 7% this week, its 38th straight week of decline, and down 72% from the same week last year.

Drewry's Composite World Container Index


Drewry's Composite World Container Index (Source: Drewry)


The latest Drewry Composite World Container Index of $2,591/40-foot container is currently 75% below the peak of $10,377 reached in September 2021. The price is 31% below the five-year average of $3,764, which shows a trend back to normal prices, but is still 82% above the 2019 (pre-pandemic) average rates of $1,420.

The year-to-date WCI average is $6,922 per 40ft container, $3,159 above the five-year average ($3,764 mentioned above).

The WCI index fell 7% to $2,591.41/40ft container (FEU) and 72% lower than the same period in 2021. Freight rates on the Shanghai-Rotterdam route fell 14% or $439/FEU. Spot rates on the Shanghai-Los Angeles and Shanghai-New York routes fell 6% to $2,130 and $5,045 per FEU.

Similarly, rates on the Shanghai-Genoa and Rotterdam-Shanghai routes fell 3% each to $3,404 and $840/FEU. Prices on the New York – Rotterdam, Rotterdam – New York and Los Angeles – Shanghai routes fluctuated around last week's levels. Drewry expects prices to decline at a slower rate over the next few weeks.


Source: Phaata.com (According to Drewry)

Phaata - Vietnam's First Global Logistics Marketplace
Find Better Freight Rates & Logistics Services


Finding Freight rates and Logistics companies?

Quick Quotes

Help you find instant freight rates with just a few clicks.

Request For Quotes

Help you send and receive quotes from Forwarders on the market quickly and efficiently.

HOT Services

Help you quickly find Hot services being promoted on the market.

Find Forwarders

Help you easily find and choose the most appropriate Logistics provider.