News
The Drewry World Container Index (WCI) rose 12% from the previous week to $2,182 per FEU in Week 51, marking the third consecutive weekly increase, mainly due to rate hikes on the trans-Pacific and Asia–Europe trade routes. From a year earlier, however, the index was down 43%.
Following the previous week’s decline that pushed spot rates to their second lowest levels since January, those on the trans-Pacific headhaul recovered last week. Spot rates from Shanghai to New York climbed 19% ($537) to $3,293 per FEU and to Los Angeles, 18% ($371) to $2,474 per FEU. According to Drewry’s Container Capacity Insight, 10 blank sailings have been announced for this week on the trans-Pacific trade lane.
Spot rates on the Shanghai–Genoa route saw a double-digit surge, rising 10% ($310) to $3,314 per FEU, while those on the Shanghai–Rotterdam expanded 8% ($178) to $2,539 per FEU.
