- Container Rates Decline for 17th Consecutive Week.
- Transpacific Spot Rates Stable Amid China’s Golden Week.
- Asia-Europe Trade Lane Sees Ninth Straight Weekly Drop.
Drewry’s World Container Index (WCI) took a dip this week, falling by 1% to $1,651 for a 40ft container. This marks the 17th week in a row that we’ve seen a decline, bringing the index down to its lowest point since January 2024, reports Drewry.
Transpacific Trade Lane Experiences Seasonal Slowdown
Spot rates on the Transpacific route held steady during China’s Golden Week holidays. Rates from Shanghai to Los Angeles saw a slight drop of 1%, now sitting at $2,176 per 40ft container, while rates from Shanghai to New York remained unchanged at $3,189 for the same size container.
Asia-Europe Spot Rates Continue to Decline
The Asia-Europe trade lane has now experienced its ninth consecutive weekly drop. Spot rates fell to $1,577 per 40ft container from Shanghai to Rotterdam, which is a 2% decrease, and to $1,793 to Genoa, reflecting a 1% decline. These rates are nearing levels we saw before the Red Sea attacks.
Outlook for Container Rates
According to Drewry’s Container Forecaster, the balance between supply and demand is expected to weaken in the coming quarters, which could lead to further drops in spot rates.
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Source: Drewry
