News
The World Container Index (WCI), an indicator for spot rates on eight major routes on the trans-Pacific, Asia-Europe and trans-Atlantic trades, jumped 41% from the previous week to 3,527 points in Week 23, the fourth consecutive week of increase, Drewry Maritime Research announced last Thursday. From a year earlier, however, the index was still 25% lower. The WCI has increased 70% in the last four weeks, as U.S. President Donald Trump’s pause on import tariffs led to a resumption of U.S.-bound traffic after the initial collapse of trans-Pacific volumes.
Spot rates fell 1%, or $9 to $821 per FEU from New York to Rotterdam and remained unchanged at $716 per FEU from Los Angeles to Shanghai. In contrast, they increase across the board elsewhere. From Shanghai to Los Angeles, in particular, spot rates surged 57%, or $2,138 to $5,876 per FEU, which have skyrocketed 117% in the last four weeks, or since May 8. From Shanghai to New York, spot rates rose 39%, or $1,992 to $7,164 per FEU, which have swelled 96% in the last four weeks.
Spot rates increased in double digits from Shanghai to Rotterdam and to Genoa, going up 32%, or $686 to $2,845 per FEU and 38%, or $1,929 to $4,068 per FEU, respectively.
