News
The Drewry World Container Index (WCI) remained stable at $4,476 per FEU for the second consecutive week. From a year earlier, however, the index was 119% higher.
On the Transpacific trade, rates from Shanghai to Los Angeles rose 2% to $7,352 per FEU, while those from Shanghai to New York edged up 1% to $9,726 per FEU. According to Drewry’s Container Capacity Insight, eight blank sailings have been announced for Week 38, up from seven in the previous week, indicating tighter capacity. With easing demand and continued carrier capacity management, Drewry expects freight rates to remain stable this week.
On the Asia–Europe trade route, rates from Shanghai to Genoa fell 3% to $4,216 per FEU, while those decreased 2% to $3,997 per FEU from Shanghai to Rotterdam. According to Drewry’s Container Capacity Insight, three blank sailings are announced for Week 38, up from one in the previous week, indicating tight capacity. While congestion at Shanghai Port remained elevated, it improved from 94 hours in Week 35 to 64 hours in Week 36. With low demand, persistent congestion in Asia and continued capacity management by carriers, Drewry expects rates to remain stable this week.
