# Drewry: Spot container rates on major East-West routes hit 20-month high - FreightWaves

> Drewry reported that its World Container Index rose 17.8 percent in one week to $1,770 per FEU, a 20-month high on major East-West routes. The index is up 62 percent since Hanjin's bankruptcy in late August 2016.

- Date: 2017-01-06 · published 2017-01-06T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/72884-drewry-spot-container-rates-on-major-east-west-routes-hit-20-month-high
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container rate strength matters little for bulk feed ingredients, though it signals tight container capacity that is not directly tied to grain freight prices.

## Sources

- freightwaves.com: https://www.freightwaves.com/news/drewry-spot-container-rates-on-major-east-west-routes-hit-20-month-high

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.