The Drewry WCI composite index decreased 3% to $2,192 per 40ft container, 79% below the previous pandemic peak of $10,377 in September 2021. However, the index was 54% higher than the average $1,420 in 2019 (pre-pandemic).

The average YTD composite index closed at $2,897 per 40ft container, $7 higher than the 10-year average of $2,890 (inflated by the exceptional 2020-22 Covid period).

Freight rates from Shanghai to New York decreased 7% or $270 to $3,706 per 40ft container, and those from Shanghai to Los Angeles decreased 5% or $132 to $2,683 per 40ft container. Similarly, rates from Shanghai to Rotterdam and Shanghai to Genoa fell 2% to $2,344 and $3,018 per 40ft container, respectively. Also, rates from New York to Rotterdam and Rotterdam to New York shrank 1% to $817 and $2,129 per 40ft container, respectively.

Conversely, rates from Rotterdam to Shanghai increased 4% or $18 to $493 per 40ft container. Meanwhile, rates from Los Angeles to Shanghai remained stable. Drewry expects rates to continue to decline in the coming week due to reduced capacity and uncertainty stemming from tariffs.

For more information:
Drewry
Tel: +44 (0)207 538 0191
Email: [email protected]
www.drewry.co.uk