25.08.12WCI Declines 3% in Week 32

Drewry's World Container Index (WCI) declined 3% from the previous week to $2,424 per FEU in Week 32, which continued to stabilize after a volatile period.

The unpredictability began after US tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy decline until mid-July, after which the downwards trend lost momentum, and the rate of decrease slowed considerably.

Trans-Pacific spot rates fell last week, as those from Shanghai to Los Angeles were down 4% ($98) to $2,534 per FEU, and those from Shanghai to New York were down 7% ($309) to $3,826 per FEU.

From Shanghai to Genoa, spot rates fell 4% ($135) to $3,227 per FEU, and from Shanghai to Rotterdam, those remained nearly unchanged at $3,276 per FEU.

On the trans-Atlantic trade, spot rates from New York to Rotterdam fell 3% ($23) to $853 per FEU, and those from Rotterdam to New York stayed flat at %1,996 per FEU.