{"id":2449,"date":"2023-10-12T08:15:02","date_gmt":"2023-10-12T12:15:02","guid":{"rendered":"https:\/\/blog.markkirkwood.com\/?p=2449"},"modified":"2023-10-15T12:32:17","modified_gmt":"2023-10-15T16:32:17","slug":"world-container-index-12-oct","status":"publish","type":"post","link":"https:\/\/blog.markkirkwood.com\/?p=2449","title":{"rendered":"World Container Index &#8211; 12 Oct"},"content":{"rendered":"<p>Drewry\u2019s World Container Index decreased by 1.5% to $1,369.06 per 40ft container this week.<\/p>\n<blockquote><p>Shanghai &#8211; Los Angeles $1,996 | -24% Annual Change<\/p>\n<p>Shanghai &#8211; New York $2,630 | -58% Annual Change<\/p><\/blockquote>\n<h4>Detailed assessment for Thursday, 12 October 2023<\/h4>\n<ul>\n<li>The composite index has decreased by 1.5% to $1,369.06 this week, and has dropped by 60.7% when compared with the same week last year.<\/li>\n<li>The latest Drewry WCI composite index of $1,369.06 per 40-foot container is now 4% below than average 2019 (pre-pandemic) rates of $1,420 and is the lowest for 3 years.<\/li>\n<li>The average composite index for the year-to-date is $1,729 per 40ft container, which is $948 lower than the 10-year average rates of $2,677 (which was inflated by the exceptional 2020-22 Covid period).<\/li>\n<li>Freight rates on New York \u2013 Rotterdam decreased by 8% to $677 per 40ft container. Similarly, rates on Shanghai \u2013 Genoa decreased by 4% to $1,413 per 40ft box. Likewise, rates on Rotterdam \u2013 New York, Shanghai \u2013 New York, Rotterdam \u2013 Shanghai and Shanghai \u2013 Rotterdam dropped by 2% to $1,535, $2,630, $460 and $1,010 per feu respectively. Conversely, rates on Los Angeles \u2013 Shanghai increased by 1% to $831 per 40ft box. While rates on Shanghai \u2013 Los Angeles remained stable. Drewry anticipates East-West spot rates trend to remain close to current levels, overall, in the upcoming weeks.<\/li>\n<\/ul>\n<p>Source: Drewry World Container Index,\u00a0<a href=\"https:\/\/www.drewry.co.uk\/supply-chain-advisors\">Drewry Supply Chain Advisors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drewry\u2019s World Container Index decreased by 1.5% to $1,369.06 per 40ft container this week. Shanghai &#8211; Los Angeles $1,996 | -24% Annual Change Shanghai &#8211; New York $2,630 | -58% Annual Change Detailed assessment for Thursday, 12 October 2023 The composite index has decreased by 1.5% to $1,369.06 this week, and has dropped by 60.7% [&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":"","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":"set","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-2449","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2449","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=2449"}],"version-history":[{"count":6,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2449\/revisions"}],"predecessor-version":[{"id":2455,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2449\/revisions\/2455"}],"wp:attachment":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}