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    Box freight rates are 9pc lower year-to-date at US$1,499/FEU: Drewry Index

    来源:shippingazette.com    编辑:编辑部    发布:2017/11/14 11:40:32

    DREWRY's World Container Index (WCI), a composite of container freight rates on eight major trade lanes to/from the US, Europe and Asia, declined by 9.4 per cent in the week of November 9 to US$1374.8 per FEU.

    Year-to-date the average composite index of the WCI declined nine per cent year on year to stand at $1,499 per FEU. The freight rate is also $111 lower than the five-year average of $1,610/FEU.

    Rate gains on routes originating from Asia during the first week of November softened towards the second week. The World Container Index between Shanghai and Rotterdam lost $157 from the previous week to reach $1,559 per FEU, reported AJOT.

    Transpacific rates in the week of November 9 also fell. The WCI between Shanghai and Los Angeles softened by five per cent or $77 from the previous week to $1,557 per FEU. Rates on this route are 20 per cent lower compared to the same period in 2016.

    The decline was greater on the Shanghai-New York route, where rates fell by $290 or 12 per cent from the first week of November to reach $2,114 per FEU.

    As shipping lines are expected to cancel their general rate increases (GRIs) planned for November 15, rates are likely to fall further this month.