{"id":2488,"date":"2024-03-01T08:00:37","date_gmt":"2024-03-01T13:00:37","guid":{"rendered":"https:\/\/blog.markkirkwood.com\/?p=2488"},"modified":"2024-03-01T13:02:05","modified_gmt":"2024-03-01T18:02:05","slug":"world-container-index-29-feb-2024","status":"publish","type":"post","link":"https:\/\/blog.markkirkwood.com\/?p=2488","title":{"rendered":"World Container Index &#8211; 29 Feb 2024"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Drewry\u2019s World Container Index decreased by 5% to $3,493 per 40ft container this week.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Our detailed assessment for Thursday, 29 February 2024<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li4\"><span class=\"s1\">The composite index decreased by 5% to $3,493 per 40ft container this week and has increased by 88% when compared with the same week last year. \u00a0 \u00a0<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">The latest Drewry WCI composite index of $3,493 per 40ft container is 146% more than average 2019 (pre-pandemic) rates of $1,420.<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">The average composite index for the year-to-date is $3,553 per 40ft container, which is $859 higher than the 10-year average rate of $2,694 (which was inflated by the exceptional 2020-22 Covid period).<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">Freight rates on Shanghai to Los Angeles which declined 4% or $197 to $4,486 per 40ft container<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">Similarly, rates from Shanghai to New York dropped 3% or $156 to $5,820 respectively.<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">Conversely, rates on Los Angeles to Shanghai and New York to Rotterdam increased 2% or $11 and $10 to $719 and $633 per 40ft box.<\/span><\/li>\n<li class=\"li4\"><span class=\"s1\">Drewry expects slight decreases in spot rates from China over the next few weeks.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drewry\u2019s World Container Index decreased by 5% to $3,493 per 40ft container this week. Our detailed assessment for Thursday, 29 February 2024 The composite index decreased by 5% to $3,493 per 40ft container this week and has increased by 88% when compared with the same week last year. \u00a0 \u00a0 The latest Drewry WCI composite [&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-2488","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2488","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=2488"}],"version-history":[{"count":1,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2488\/revisions"}],"predecessor-version":[{"id":2489,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=\/wp\/v2\/posts\/2488\/revisions\/2489"}],"wp:attachment":[{"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.markkirkwood.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}