Drewry: World Container Index Up 3.3% last week

LONDON: Drewry’s composite WorldContainerIndexincreasedby 3.3% to $1,536.86 per 40ft container lastweek.

Drewry’s detailed assessment for Thursday, 20July2023

• The composite index has increased by 3.3% to $1,536.86 last week, and has dropped by 77.5% when comparedwiththesameweeklastyear.

• The latest Drewry WCI composite index of $1,536.86per40-footcontainerisnow85%belowthepeak of$10,377reachedinSeptember2021.Itis43%lowerthan the 10-year average of $2,685, indicatinga returnto more normal prices, but remains 8% higher than average 2019 (pre-pandemic)ratesof$1,420.

• The average composite index for the year-todate is $1,777 per 40ft container, which is $908 lower than the10-yearaverage($2,685mentionedabove).

• The composite index increased by 3.3% to $1,536.86 per 40ft container and is 77.5% lower than the same week in 2022. Freight rates on Shanghai –Los Angeles strengthened 10% or $175 to $1,965 per 40ft container. Likewise, Shanghai – New York rates increased by 7% or $191 to $2,906 per 40ft box. However, rates from Rotterdam – New York plummeted 7% to $129 to stand at $1,640 per feu. Also, rates on Rotterdam –Shanghai and Shanghai – Genoa declined 2% to stand at $528and$1,902respectively.Additionally,spotratesfrom Los Angeles – Shanghai diminished 1% or $7 to $839 per 40ft container. Furthermore, spot rates from New York – Rotterdam and Shanghai – Rotterdam remained stable at the previous week’s level.

For Export Loading

Dunkirk, Felixstowe, Le Havre

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2

AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3

Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines

North Continent, Red Sea & Med. Ports. Team Global Team Global Log.

North Continent & Scandinavian Ports.

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT

RED SEA & MED. PORTS from GTI

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from BMCT

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

(IMX) Emirates Emirates Shpg. Jebel Ali, Sohar.

X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

Team Lines Team Global Log. Gulf Ports.

LOAD FOR WEST ASIA GULF PORTS From BMCT

&

To

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS CISC Service KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang.

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

PORTS from GTI

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT

Indonesia, Thailand, Vietnam & Other Indland Destination. Maersk CFS

20/0821/08 TBATBA Hyundai Oakland 0124E TS Lines TS Lines (I) Singapore, Pusan, Shanghai,Ningbo, Shekou & South East Asia Dronagiri-2 Far East & China Ports. China India Express Service (CIX/ICX) Gold Star Star Ship Singapore, Kwangyang, Pusan, Shanghai, Ningbo Ocean Gate Sinokor Sinokor India Port Kelang, Singapore, Hong Kong, Kwangyang, Seabird CFS Busan, Shanghai, Ningbo & Other Inland Destination.

23001E

Star KMTC(I)/Star Ship Ningbo, Da Chan Bay

Feeders Sea Consortium