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Please register and login to access this free content. Supply Chain Advisors Back to Supply Chain Advisors Service Expertise Related research Contact us Areas of Expertise Cancelled Sailings Tracker - 08 Jul World Container Index - 07 Jul Ocean Freight Cost Benchmarks Bunker Implementation Support Ocean Freight Procurement Support Carrier Performance Metrics and Management Detention and Demurrage Support Forwarder Benchmarking Club World Container Index - 07 Jul Drewry's composite World Container Index decreased marginally by 0.2% to $7,050.94 per 40ft container this week. Source: World Container Index, Drewry Supply Chain Advisors Our detailed assessment for Thursday, 07 July 2022 * The composite index decreased marginally by 0.2% this week, and, 20% lower than a year ago. * The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,370 per 40ft container, which is $4,858 higher than the five-year average of $3,512 per 40ft container. * Drewry's World Container Index composite index decreased marginally by 0.2% to $7,050.94 per 40ft container, and is 20% lower than the same week in 2021. Freight rates on Shanghai - Los Angeles dropped 1% or $86 to $7,566 per feu. Spot rates on Rotterdam - Shanghai fell 5% or $74 to $1,328 per 40ft box. However, rates on Los Angeles - Shanghai gained 3% or $42 to $1,280 per feu. Similarly, rates on New York - Rotterdam surged 4% or $45 to $1,239. Rates on Shanghai - Rotterdam, Shanghai - Genoa, Shanghai - New York and Rotterdam - New York hovered around previous weeks level. Drewry expects the index to decrease in the next few weeks. Spot freight rates by major route Our assessment across eight major East-West trades: Spot freight rates by route - assessed by Drewry Source: Drewry Supply Chain Advisors Ocean freight cost benchmarking services Compare your rates and save World Container Index: Correlations and methodology Find out more about the process we follow to establish our weekly index and correlations between tradelane indices and the main composite index from 1Q13 to 4Q21. Read more Container ShippingFreight Cost BenchmarkingFreight ProcurementSupply Chain Advisors Areas of Expertise Sustainability Advisory Thought Leadership Financial Advisory Market Analysis Technical Due Diligence Recent News 06 Jul 2022 Faster transit times and easing port delays: light at the end of the tunnel for shippers? After more than two years of chronic delays in container shipping, shippers are finally seeing continuing improvements in both transit times and in port delays, according to the latest metrics measured by Drewry Shipping Consultants. 23 Feb 2022 Drewry launches Origin Management Support Solution To help global shippers/BCOs optimise the management and coordination of the factory-to-port links of their import supply chains, Drewry Supply Chain Advisors, is pleased to announce the introduction of a new Origin Management service as part of its comprehensive suite of ocean freight procurement and logistics management solutions. View more Recent Projects Standardised KPI / QBR program implementation Feb 21: A global food manufacturer was seeking to create a central contract management business unit, and standardise logistics contracts and logistic service provider management (LSP) in Northern Europe, initially across 8 LSPs. Assisting with identifying Carrier KPI's and target setting Feb 21: The client contacted Drewry for advice regarding which KPIs and target values to set their shipping line providers as part of the RFP process. View more Working with 3 of the top 10 global retailers (Dec 2021 - National Retail Federation) The first independent consultancy to publish liner schedule reliability rankings in 2005 Access to an exclusive ocean freight cost benchmarking club comparing costs on over 14 million teu of freight The first to publish benchmark container spot market freight rates back in 2006. Related Maritime Research Track the spot market Keep up to date with the movements of container spot market freight rates with our popular Container Freight Rate Insight service. Benchmark contract rates Join our exclusive Benchmarking Club and find out how your contract rates compare to your peers. Monitor your carrier Understand how your carriers are performing with our online Carrier Performance Insight service. Drewry Benchmarking Club Drewry Benchmarking Club --------------------------------------------------------------------- Customised Real Time Benchmarking * Latest release 01 May 2022 --------------------------------------------------------------------- How do your container shipping costs compare with your peers...? Our Benchmarking Club allows participating members to confidentially benchmark their contract shipping costs against their peers based on genuine, shipper-only, buy rate comparisons. Combine benchmarks and market intelligence with unique rate forecasts to maximise your procurement results. --------------------------------------------------------------------- Learn more Container Freight Rate Insight (Annual Subscription) Container Freight Rate Insight (Annual Subscription) --------------------------------------------------------------------- Online Service * Latest release 30 Jun 2022 --------------------------------------------------------------------- The world's first and only global source of container spot market freight rates on all the major routes. An essential reference for importers, exporters, freight forwarders and other industry stakeholders requiring up-to-date and independently researched container shipping cost benchmarks. --------------------------------------------------------------------- Learn more --------------------------------------------------------------------- View more Sectors Container Shipping Ports and Terminals Tanker Shipping Gas Shipping Dry Bulk Shipping Logistics Management Multimodal Transport Ship Operations and Management Specialised Shipping General Shipping Popular Ocean Freight Services Drewry Benchmarking Club Ocean Freight Cost Benchmarking Ocean Freight Procurement Support Bunker Implementation Support Container Insight Logistics Executive Briefing Useful Links Our Latest Thinking and Market Opinion Market Forecasts Recent Advisory Projects Thought Leadership TwitterLinkedin FREE Resources Market Indices and Trackers Our Latest Thinking Maritime Financial Insight Browse our latest market opinions Make an enquiry Twitter Linkedin (c) Copyright 2022 | Drewry Shipping Consultants Limited. 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