The World Container Index (WCI), a benchmark for global ocean freight spot rates, has dropped 9% this week, landing at $2,983 per 40-foot container. This marks the second consecutive weekly decline following a five-week rally, reports Drewry
Key Highlights from the Weekly Assessment
Weak demand for US-bound cargo is driving the decline. Following a pause on US tariff increases, the recent import surge appears to be losing momentum.
Route-specific movements:
- Shanghai → New York: Spot rates fell 13% to $5,703, though still stand 56% higher than early May levels.
- Shanghai → Los Angeles: Rates dropped 20%, yet remain 38% above figures from seven weeks ago.
- Shanghai → Rotterdam/Genoa: Slight increases recorded—Rotterdam rose 1% to $3,204, and Genoa to $4,100.
Outlook for H2 2025: The supply–demand balance is expected to soften further, with potential declines in spot rates over the coming months. Key factors include future trade policies and vessel availability.
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Source: Drewry
