The Drewry World Container Index (WCI) has remained stable over the past few weeks, but has experienced a drop of 60% when compared to the same period last year and is now sitting 4% below the average 2019 (pre-pandemic) rates of US$1420 and at its...
The Drewry World Container Index (WCI) saw a decrease by 5.2% to US$1479.48 per 40-foot container throughout September, dropping by 66.9% when compared to the same period last year and sitting 86% below the peak of US$10,377 reached in September 2021. The WCI is 45% lower...
There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...
The latest update of Drewry’s composite World Container Index (WCI) has seen a weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...
According to Drewry, factors such stagnating trade and a growing surplus of shipping containers are resulting in a substantial decrease in newbuild container output. Research shows that newbuild construction is forecast to drop to its lowest level in 14 years, following a contraction of 71%...
The latest update of Drewry's composite World Container Index (WCI) has seen a fall of 20% to US$1685.32 per 40-foot container this week, representing a drop of 78% when compared with the same week in 2022. The WCI is now 84% below the peak of US$10,377,...
Whilst the latest Drewry World Container Index increased by 1% last week, it has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per 40-foot container is now 83% below the peak of $10,377 in September 2021. The latest...