Drewry’s composite World Container Index decreased by 0.9% to USD7,657.20 per 40ft container the week of 12 May 2022, compared with the previous week's figure. Despite the fall though, it remains 33.7% higher than a year ago.

As a provider of international container shipping services, we note that the average composite index of the World Container Index (WCI), assessed by Drewry for year-to-date, is USD8,768 per 40ft container, which is USD5,439 higher than the five-year average of USD3,329 per 40ft container.

Meanwhile, freight rates on Shanghai – Rotterdam dropped 2% to USD9,824 per feu. Additionally, spot rates on Shanghai – New York fell 3% to USD10,926 per 40ft box. Similarly, rates on Shanghai – Genoa dipped 1% to USD11,736 and rates on Rotterdam – Shanghai fell to USD1,430 per 40ft container.

However, rates on Shanghai – Los Angeles and Los Angeles – Shanghai gained 1% each to reach USD8,666 and USD1,286 per feu, respectively.

Moreover, rates on Rotterdam – New York and New York – Rotterdam hovered around the previous weeks' levels. Drewry expects spot rates to remain stable in the coming weeks.

You can find more information about the U-Freight Group’s ocean freight services and our extensive network in China on our website, or by speaking to your usual contact in our company.