The World Container Index
The World Container Index assessed by Drewry (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. The container freight rates described by the WCI are reports of actual market prices sourced from an international panel of market participants.
The index is a vital resource to all organisations involved in, or with exposure to, the containerised sea freight market; through market transparency it creates opportunities for forward price discovery and risk management.
World Container Index Applications
Settlement of Container Derivative Contracts
The WCI facilitates price risk management and forward discovery by providing the final benchmark against which container freight derivative contracts can be traded and settled.
Index Linked Container Contracts (ILCC’s)
Long term freight contracts can be designed so that rates fluctuate with market conditions. The mechanism for this fluctuation needs to be based on a trusted and independent source, which is satisfied by the WCI.
Benchmarking Spot Rates and Trends
The WCI is a powerful resource of industry information including spot, historic and estimated forward price data which buyers and sellers of freight can leverage during price and contract negotiations.
World Container Index assessed by Drewry owners
The World Container Index assessed by Drewry is owned by Drewry Shipping Consultants.
Drewry is the world’s foremost independent global maritime research and consulting business. Founded in 1970 to provide data, information and research to the global maritime industry it has since worked with over 3,000 different clients in more than 100 countries. Drewry is privately owned and from its bases in London, Singapore and India delivers world-class research and advice to the international maritime community.
For more information, visit: www.drewry.co.uk.