Drewry World Container Index jumps 9% as transpacific and Asia-Europe rates climb

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The Drewry World Container Index rose 9% this week to $4,530 per 40ft container, driven by higher spot rates on transpacific and Asia-Europe routes. Rates from Shanghai to New York surged 11% to $7,902, contributing to a 61% yearly rise in the benchmark index.

The Drewry World Container Index (WCI) rose 9% this week to US$4,530 per 40ft container, driven by higher spot rates on the transpacific and Asia-Europe trades. The benchmark index has increased 61% compared with the same period last year. Transpacific rates continue to rise Spot rates from Shanghai to New York climbed 11% to US$7,902 […] The post Drewry World Container Index jumps 9% as transpacific and Asia-Europe rates climb appeared first on Container News.