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Container freight rates on eight major routes between the US, Europe and Asia are down 2.9%. Rates on Asia-Europe and Transpacific headhaul routes continue to head south.

The World Container Index assessed by Drewry, a composite of container freight rates on eight major routes to[ds_preview]/from the US, Europe and Asia, continues to soften, but remains 103% higher than this time last year. Rates went down 2.9% to US$1350.61 per 40ft container.

Two-year spot freight rate trend for the World Container Index (Source: Drewry)
Two-year spot freight rate trend for the World Container Index (Source: Drewry)

The average composite index of the World Container Index assessed by Drewry for the year to date is US$1,610 per 40ft container, lower than the five-year average of $1,693 per 40ft container.

Rates on Asia-Europe and Transpacific headhaul routes continue to head south with rates from Shanghai to Rotterdam, Genoa, New York and Los Angeles declining this week.

Sport freight rates drewry 23032017
Spot freight rates by route – assessed by Drewry (Source: Drewry)