The average cost of shipping a 40-foot container fell to $1,681 (£1,347) in September 2023,down from $4,942 (£3,959) in September 2022, according to the Drewry World Container Index, which measures this price across major shipping routes.That’s a 66% decline, year on year. ...
Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy, according to a new report published by Drewry Maritime Research. In their report, title Container Forecaster, Drewry forecasts another year of excess...
Rates at online freight shipping marketplace and platform provider Freightos showed a sharp increase on the Asia-NY trade lane and a 4% decrease from Asia-LA. Rates at Freightos are higher than rates at Drewry. Judah Levine, head of research at Fre...
inInternational Shipping News08/05/2021 Drewry’s composite World Container index increased 9.8% or $489 to $5,472.33 per 40ft container. Two-year spot freight rate trend for the World Container Index: The composite index increased 9.8% or $489 this week, and also, remains 278...
Drewry expects freight rates to remain high until the end of the peak season. Rates from online freight shipping marketplace and platform provider Freightos are slightly higher to the West Coast and slightly lower to the East Coast when compared with Drewry’s ...
extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future engagement by shipowners in large vessel building programmes, according to the recently published Container Forecaster from global shipping consultancy Drewry....
• Drewry’s composite World Container index increased marginally by 0.4% or $41 to reach $9,371.30 per 40ft container, 370% higher than the same week in 2020. This is the 16th consecutive week of increases. Freight rates from Rotterdam to New York soared 14% or $793 to reach $6,...
In the surest sign yet that soaring container spot freight rates may have reached something resembling a peak, this week’s indexes showed the smallest gains in months, while a couple of main east-west routes began to decline. Drewry’s World Container Index (WCI) recorded a 3% week-on-wee...
“Last year was full of records in the container shipping industry, but unfortunately for carriers they were mostly of the unwanted variety. One such record (made by bad by virtue of the second worst ever demand growth) was a record intake of new ships,” Drewry said. ...
Container Rate Benchmark.The article presents the container rate benchmark based on Drewry Shipping Consultants' research and derived from non vessel operating common carriers (NVOCCs) shipping from Hong Kong, China to Los Angeles, California.EBSCO_bspJoC Online...