What is the World container Index?

What is the World container Index?

The World Container Index (WCI) is the premium resource for frequent, independent container market data. The WCI provides weekly assessments of container freight rates, daily forward price estimates and a bank of historical price movements.

What is global container freight rate index?

The World Container Index is an index developed by Drewry, one of the most reputed research, advisory and consulting service providers for the shipping and maritime industry. Drawing upon its expertise and accumulated data, Drewry publishes the WCI, covering the Spot market freight rates on a weekly basis.

What is the index for container shipping?

The average composite index of the WCI, assessed by Drewry for year-to-date, is $8,475 per 40ft container, which is $5,006 higher than the five-year average of $3,469 per 40ft container.

What is the Drewry index?

The Drewry World Container Index (WCI) measures the bi-weekly ocean freight rate movements of 40-foot containers in seven major maritime lanes. It is expressed as an average price per 40-foot container (in US$). There is also a global price that is an average across all seven lanes.

How do you calculate container index?

Container index (CI), calculated as the number of containers with any larvae or pupae, divided by the total number of inspected containers, multiplied by 100. Breteau index (BI), calculated as the number of containers with any larvae or pupae, divided by the total number of inspected households, multiplied by 100.

What is TEU in shipping?

TEU is an acronym used in logistics, which means ‘Twenty Equipment Unit’ or in other terms a ’20-foot container’.

What is FEU shipping?

FEU is an acronym used in logistics, which means ‘Forty Equipment Unit’.

How is CBM calculated for shipping?

The CBM formula is a simple calculation – it’s the product of: quantity of items * length * width * height. If your shipment has different sized items, simply repeat the formula for each size and add up the volumes.

How is FBX calculated?

FBX is calculated using the Buy Rates Ocean Carriers offer to large Freight Forwarders, or NVOCCs, or large shippers (BCOs) who are using the Freightos Applications*. FBX calculation includes only tariff prices offered by Carriers to large Freight Forwarders.

Why are freight rates so high?

Therefore, as the economy expands and demand exceeds supply (which we are seeing now), shipping prices increase to help manage demand for cargo space, and to cover costs from unprofitable periods when prices fall. Shipping prices are also particularly sensitive to changes in fuel prices.

Are container prices going down?

Since the start of the pandemic, the cost of shipping has increased significantly. In the past month, however, container shipping costs have fallen by about 12%, according to the Drewry World Container Index.

How much does it cost to ship a container overseas?

The cost to ship a container overseas is between $2,000-$3,000, but this varies greatly. The cost depends on the cargo volume, if you’re shipping by air or sea, the distance shipped, the destination port, and the time of year.

Is spread by aedes aegypti?

Aedes aegypti is known to transmit dengue virus, yellow fever virus, chikungunya virus, and Zika virus. It is suggested to be a potential vector of Venezuelan Equine Encephalitis virus [34] and vector competency studies have shown Ae. aegypti is capable of transmitting West Nile virus.

What is the extrinsic incubation period?

The extrinsic incubation period (EIP) of malaria, also called the period of sporogony, describes the time it takes for parasites to develop in the mosquito from point of ingestion via an infected blood meal, through to the point at which sporozoites enter the salivary glands and the mosquito becomes infectious.

How many tonnes are in 1 TEU?

Logistics and shipping companies normally load up to 24000 kilograms (24 metric tons) of cargo in a TEU. An empty container of this size weighs 2280 kilograms (2.24 metric tons). Hence the total weight of a fully laden twenty-foot container will be 26280 kilograms (26.28 metric tons).

How many kg is a TEU?

1 TEU is twenty-foot equivalent unit = 20 feet (6,1 meters) long x 8 feet (2,4 meters) wide x 8,5 feet (2,6 meters) high. With a maximum load of 23.600 Kg.

How many TEU are in 40 HC?

A forty foot container is regarded as two twenty foot containers or 2 TEU (sometimes referred to as FEU, Forty Foot Equivalent Unit).