- Weekly GRIs Help Carriers Hold Spot Rates Steady.
- Asia–Europe Maintains Three-Week Rate Stability.
- Suez Canal Uncertainty Continues to Shape Market Outlook.
The Drewry World Container Index saw a 7% increase, reaching $1,927 for a 40ft container, breaking a three-week streak of declines that were mainly due to weakness on major east–west routes, reports Drewry.
Transpacific Rates Bounce Back on Key Lanes
After hitting their lowest levels since January 2025, Transpacific spot rates have made a comeback. Rates from Shanghai to Los Angeles jumped 8% to $2,256 for a 40ft container, while those to New York climbed 6% to $2,895.
Carriers Move to Weekly GRIs for Rate Stability
In a shift from the usual biweekly adjustments, carriers are now implementing smaller weekly general rate increases. This strategy aims to prevent the rapid decline of larger GRIs and has successfully boosted rates this week, leading Drewry to forecast stable market conditions in the near future.
Asia–Europe Routes Experience Stronger Gains
On the Asia–Europe trade routes, spot rates have remained robust:
- Shanghai to Genoa surged 15% to $2,648, and Shanghai to Rotterdam increased by 4% to $2,241.
- The region has now enjoyed three consecutive weeks of rate stability, bolstered by FAK increases ahead of the annual contract negotiations.
Suez Canal Situation Creates Ongoing Volatility
The uncertainty surrounding the Suez Canal continues to impact the dynamics between Asia and Europe. A full reopening of the Suez route could bring significant capacity back into the market, which might soften rates. However, analysts believe that any downward pressure will be gradual due to the risks of port congestion linked to the realignment of east–west shipping networks.
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Source: Drewry
