Drewry’s World Container Index reports its steepest ever rise

Shippers hoping for some pricing respite from ocean carriers have been battered this week by further records falling. Drewry’s World Container Index, published yesterday, saw its steepest climb since its inception in 2012.
Drewry’s composite World Container index rose a further 15.9% or $1,104 to reach $8,061.65 per feu, which is 332% higher than the same week in 2020.
Rates from Shanghai to Los Angeles increased by more than a third in the space of week, from $6,358 per feu last week to $8,548 this week. Rates from Asia to US east coast also soared 39% to $11,180 per feu.
“Drewry expects rates to remain on the higher side in the coming week,” the UK analysts stated yesterday.