2026-10-09 US West Coast
HCM-UWC 8,217 USD/FEU +0.67% Index 4,004 pts
2026-10-09 US East Coast
HCM-UEC 11,055 USD/FEU +2.44% Index 3,383 pts
2026-10-09 Northern Europe
HCM-NEU 3,354 USD/FEU +0.48% Index 2,308 pts
2026-10-09 Mediterranean
HCM-MED 3,953 USD/FEU +0.65% Index 2,160 pts
2026-10-09 China
HCM-CHN 86 USD/FEU -15.38% Index 1,012 pts
2026-10-09 Korea
HCM-KOR 320 USD/FEU +0.85% Index 1,074 pts
2026-10-09 Japan
HCM-JPN 525 USD/FEU +7.80% Index 1,695 pts
2026-10-09 Southeast Asia
HCM-SEA 345 USD/FEU +11.43% Index 1,763 pts
2026-10-09 Oceania
HCM-ANZ 4,788 USD/FEU -3.08% Index 7,577 pts
2026-10-09 Middle East
HCM-MEA Suspended
2026-10-09 South America
HCM-SAM 5,982 USD/FEU -14.67% Index 3,738 pts
2026-10-09 South Africa
HCM-ZAF 4,267 USD/FEU -4.27% Index 2,425 pts
2026-10-09 East & West Africa
HCM-EWA 5,131 USD/FEU +0.35% Index 1,307 pts
2026-10-09 Global
VCFI Composite Rate 5,105 USD/FEU +0.51% VCFI Composite Index 3,520 pts +0.11%
2026-10-09 US West Coast
HCM-UWC 8,217 USD/FEU +0.67% Index 4,004 pts
2026-10-09 US East Coast
HCM-UEC 11,055 USD/FEU +2.44% Index 3,383 pts
2026-10-09 Northern Europe
HCM-NEU 3,354 USD/FEU +0.48% Index 2,308 pts
2026-10-09 Mediterranean
HCM-MED 3,953 USD/FEU +0.65% Index 2,160 pts
2026-10-09 China
HCM-CHN 86 USD/FEU -15.38% Index 1,012 pts
2026-10-09 Korea
HCM-KOR 320 USD/FEU +0.85% Index 1,074 pts
2026-10-09 Japan
HCM-JPN 525 USD/FEU +7.80% Index 1,695 pts
2026-10-09 Southeast Asia
HCM-SEA 345 USD/FEU +11.43% Index 1,763 pts
2026-10-09 Oceania
HCM-ANZ 4,788 USD/FEU -3.08% Index 7,577 pts
2026-10-09 Middle East
HCM-MEA Suspended
2026-10-09 South America
HCM-SAM 5,982 USD/FEU -14.67% Index 3,738 pts
2026-10-09 South Africa
HCM-ZAF 4,267 USD/FEU -4.27% Index 2,425 pts
2026-10-09 East & West Africa
HCM-EWA 5,131 USD/FEU +0.35% Index 1,307 pts
2026-10-09 Global
VCFI Composite Rate 5,105 USD/FEU +0.51% VCFI Composite Index 3,520 pts +0.11%
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Friday, 06/01/2023, 22:59 (GMT +7)

1343

Spot container freight rates end a 43-week series of declines

The Drewry World Container Index (WCI) finally turned green in its first report of 2023, ending at $2,135, recording a 0.7% gain, after overcoming a slump decrease since February 2022.

Drewry's WCI World Container Index

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

 

The index was mainly driven by a 10% increase in China-Rotterdam freight rate. The Shanghai-Genoa rate is supported with 2% increments. While rates on other routes fell slightly, transatlantic rates on the Rotterdam-New York route fell 6%.

 

Drewry's Shanghai Container Freight Index

Drewry's Shanghai Container Freight Index (Source: Drewry)

 

While the market is anticipating a downward trend in freight rates until mid-2023, due to the impact of the decline occurring during the Lunar New Year, inflation in Europe and interest rates in the US.

The Global Supply Chain Pressures Index (GCSPI) bounced off its September lows to a record 1.20 for November 2022, mainly influenced by delivery times in China. The easing of Zero-Covid policy in China could be a move that spurs change action on trade.

The Shanghai Containerized Freight Index (SCFI) has broken its downward streak since the 2022 Chinese New Year, in its last report recorded for 2022, while the Freightos Global Index (FBX) recorded gains of more than 6% in the latest weekly quote.

It should also be noted that blanked sailings have hit a record high (17%) compared to the 12-13% average witnessed over the past few weeks.
 

Read more:

Source: Phaata.com (According to ContainerNews)

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