{"id":2414,"date":"2023-01-15T08:00:57","date_gmt":"2023-01-15T13:00:57","guid":{"rendered":"https:\/\/blog.markkirkwood.com\/?p=2414"},"modified":"2023-01-15T11:29:25","modified_gmt":"2023-01-15T16:29:25","slug":"world-container-index-12-jan-23","status":"publish","type":"post","link":"https:\/\/blog.markkirkwood.com\/?p=2414","title":{"rendered":"World Container Index \u2013 12 Jan 23"},"content":{"rendered":"<div class=\"aos-Article-IntroText aos-DS26-Intro aos-MBM aos-FL aos-W100\">\n<p>Drewry\u2019s composite World Container Index remained relatively stable at $2,132.49 per 40ft container this week.<\/p>\n<\/div>\n<div class=\"aos-FL100 aos-MBL\">\n<div class=\"aos-DS26-WYSEdit\">\n<p><iframe loading=\"lazy\" src=\"https:\/\/embed.chartblocks.com\/1.0\/?c=61f80c0e3ba0f6d220ca7a4f&amp;t=72615269601bb8a\" width=\"576\" height=\"360\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/embed.chartblocks.com\/1.0\/?c=6083e35c3ba0f6256a0afae3&amp;t=733e658870e7bec\" width=\"576\" height=\"360\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>Source: Drewry World Container Index<\/p>\n<h4>Detailed assessment for Thursday, 12 January 2023<\/h4>\n<ul>\n<li>The composite index remained relatively stable (decreased a marginal 0.1%) this week, but has dropped by 78% when compared with the same week last year.<\/li>\n<li>The latest Drewry WCI composite index of $2,132 per 40-foot container is now 79% below the peak of $10,377 reached in September 2021. It is 21% lower than the 10-year average of $2,695, indicating a return to more normal prices, but remains 50% higher than average 2019 (pre-pandemic) rates of $1,420.<\/li>\n<li>The average composite index for the year-to-date is $2,134 per 40ft container, which is $561 lower than the 10-year average ($2,695 mentioned above).<\/li>\n<li>The composite index remained relatively stable at $2,132.49 per 40ft container, but is 78% lower than the same week in 2022. Freight rates on Shanghai \u2013 Los Angeles gained 7% or $128 to $2,092 per feu. Spot rates on Shanghai \u2013 Rotterdam climbed 1% to $1,888 per 40ft box. However, rates on Shanghai \u2013 New York dropped 5% or $176 to $3,612 per 40ft container. Rates on Shanghai \u2013 Genoa fell 4% or $105 to $2,821 per 40ft box. Similarly, rates on Rotterdam \u2013 New York slid 3% or $226 to $6,363 per feu. Rates on New York \u2013 Rotterdam, Los Angeles \u2013 Shanghai and Rotterdam \u2013 Shanghai hovered around the previous week\u2019s level. Drewry expects small week-on-week reductions in rates in the next few weeks.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"ao-StepByStepCon ao-CrIb\" data-prev=\"Previous (Left arrow key)\" data-next=\"Next (Right arrow key)\" data-counter=\"of\" data-class=\"aos-DS26-N\">\n<div id=\"ao-Step6505\" class=\"ao-Step100 aos-MBM\">\n<div class=\"aos-DS26-WYSEdit\">\n<p><span style=\"font-size: 1.5em; font-weight: bold;\">Spot freight rates by major route<\/span><\/p>\n<\/div>\n<\/div>\n<div id=\"ao-Step5732\" class=\"ao-Step100 ao-Cr aos-MBM\">\n<div class=\"aos-DS26-WYSEdit\">\n<p>Assessment across eight major East-West trades:<\/p>\n<\/div>\n<\/div>\n<div id=\"ao-Step5678\" class=\"ao-Step100 ao-Cr aos-MBM\">\n<div class=\"aos-W100\"><img decoding=\"async\" class=\"aos-W100 aos-DB aos-MBM\" title=\"Spot freight rates by route - assessed by Drewry\" src=\"https:\/\/dwcontent.affino.com\/AcuCustom\/Sitename\/DAM\/021\/WCI-Table_2023-01-12.svg\" alt=\"Spot freight rates by route - assessed by Drewry\" \/><\/div>\n<div class=\"aos-DS26-WYSEdit\">\n<p>Source:\u00a0<a href=\"https:\/\/www.drewry.co.uk\/supply-chaian-advisors\">Drewry Supply Chain Advisors<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Drewry\u2019s composite World Container Index remained relatively stable at $2,132.49 per 40ft container this week. Source: Drewry World Container Index Detailed assessment for Thursday, 12 January 2023 The composite index remained relatively stable (decreased a marginal 0.1%) this week, but has dropped by 78% when compared with the same week last year. The latest Drewry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2414","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2414"}],"version-history":[{"count":1,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2414\/revisions"}],"predecessor-version":[{"id":2415,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2414\/revisions\/2415"}],"wp:attachment":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}