25.12.01WCI Decreases 2% in Week 48

The Drewry World Container Index (WCI) decreased 2% from the previous week to $1,806 per FEU in Week 48. The decline was primarily due to reduced rates on the trans-Pacific and Asia–Europe trade routes. From the year earlier, the index was down 46%.

Spot rates on the trans-Pacific headhaul route continued to decrease for the third consecutive week, with those from Shanghai to New York falling 6% ($187) to $2,735 per FEU and to Los Angeles, 4% ($83) to $2,089 per FEU. According to Drewry’s Container Capacity Insight, blank sailings on the trans-Pacific trade are expected to decrease in Week 49, which could increase available capacity. Consequently, Drewry anticipates a slight softening in rates this week.
   
After six weeks of continuous increases, spot rates on the Asia–Europe trade route decreased in Week 48, with those from Shanghai to Genoa sliding 1% ($19) to $2,300 per FEU and to Rotterdam, also 1% ($28) to $2,165 per FEU. Carriers on the trade route are attempting to raise spot rates by implementing higher freight-all-kinds (FAK) levels, ranging from $3,100 per FEU to $4,000 per FEU, effective today. This move is aimed at boosting spot rates ahead of the upcoming annual contract negotiation season.