Lars Jensen’s Post

The Drewry World Container Index (WCI) rose to $3,159 /FEU this week (as of May 9), up 16% from the previous week and 81% year-on-year. The average composite index for the year was $3,227 /FEU, $512 higher than the 10-year average rate of $2,715 /FEU.

Drewry’s World Container Index increased by 1 per cent to $2,725 per 40-foot container for the week ending May 2. It has grown 55 per cent compared with the same week last year. The latest Drewry WCI composite index of $2,725 per 40 ft container is 92 per cent higher than the average 2019 (pre-pandemic) rates of $1,420. According to the latest container freight index by Drewry, the average composite index for the year-to-date is $3,230 per 40 ft container, which is $519 higher than the 10-year average rate of $2,712 (inflated by the exceptional COVID period of 2020-22). Freight rates from Shanghai to Genoa increased by 3 per cent, or $102, for a 40 ft container. Similarly, rates from Shanghai to Rotterdam rose by 2 per cent, or $47 per FEU. Click on the link to read the complete news: https://lnkd.in/g4VbF9xj

World Container Index up 151% on a Yearly Basis by Drewry Drewry’s World Container Index increased 4% to $4,226 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain Advisors - The composite index increased 4% to $4,226

Drewry World Container Index (WCI)  rose by 4% to $5,318 per 40ft container this week, a 256% increase from last year but 49% below the September 2021 peak of $10,377. It remains 274% higher than the pre-pandemic average of $1,420 in 2019. The year-to-date average is $3,579, exceeding the 10-year average by $831 due to the Covid period. Drewry expects minor rate increases due to Asian port congestion. Source : Drewry

Drewry’s World Container Index decreased 13% to US$4,168 per 40ft container this week, 60% below the previous pandemic peak of US$10,377 reached in September 2021, but 193% more than the average pre-pandemic rate of US$1,420 in 2019. Rates from Shanghai to New York plunged 21%, Shanghai to Los Angeles fell 7%, Shanghai to Rotterdam contracted 17% and Shanghai to Genoa declined 10%.

Gypsum, which is a key component in wallboard, has seen significant price increases over the last several years. In this article, we take a look at recent trends, industry adjustments, and what the future might hold. Read more: https://wix.to/IQpIUfu

The World Container Index Decreased By 3% This Week As Per Drewry #wci #worldcontainerindex #drewry #container #containershipping https://lnkd.in/dyWjqvSU

Drewry Maritime Equity Indices - 10 September 2024 For the week ending September 6th, global equity sell-off dragged the Drewry Equity Indices, except the Port Equity Index.  Drewry Port Equity Index (DPEI) rose 1.9%, marking a rebound after previous declines. Meanwhile, Drewry Container Equity Index decreased 5.5% as spot rates continued their downtrend for the seventh consecutive week. Source: Drewry Insight

World Container Index down by 3% last week according to Drewry Drewry’s World Container Index decreased by 3% to $2,836 per 40ft container this week.

𝐅𝐫𝐨𝐦 𝐕𝐢𝐜𝐤𝐢𝐞 𝐒𝐰𝐚𝐧𝐭𝐨𝐧 𝐨𝐧 𝐅𝐨𝐫𝐢𝐬𝐤'𝐬 𝐁𝐥𝐨𝐠: The slight increase in Douglas fir pulplog prices in Q2 2024 is not enough to offset the overall declining trend of prices returning to the historical mean after the recent peak of Q4 2022, when prices reached mid-$50/green ton due to scarce supply. One possible factor contributing to the shortage of pulplogs in Q4 2022 was the advancement of sawmill technology that makes it possible to utilize smaller diameter logs once used only for pulpwood. Lumber markets were much more profitable throughout 2022 which saw the demand for all logs increase. This made it very difficult for softwood pulpwood consumers to find accessible fiber. [𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐑𝐞𝐚𝐝𝐢𝐧𝐠 𝐨𝐧 𝐅𝐨𝐫𝐢𝐬𝐤'𝐬 𝐁𝐥𝐨𝐠] https://lnkd.in/ep7QzXt2