News
The Drewry World Container Index (WCI) fell 1% week on week to $4,434 per FEU in Week 40, driven by a decrease in rates on the Asia-Europe trade route. Year on year, it was 166% higher.
On the trans-Pacific trade route, rates from Shanghai to New York rose 1% to $10,428 per FEU, while those from Shanghai to Los Angeles remained stable at $7,835 per FEU. Carriers continue to manage capacity via blank sailings. According to Drewry’s Container Capacity Insight, 10 blank sailings have been announced for this week, down from 13 last week, indicating increased capacity. While demand remained resilient, factories across China will remain shut during the Golden Week, reducing cargo volumes; therefore, Drewry expects rates to decrease this week.
On the Asia–Europe trade route, rates from Shanghai to Genoa fell 3% to $3,702 per FEU, while from Shanghai to Rotterdam decreased 2% to $3,399 per FEU.
