Drewry has reported a 2% increase in the World Container Index (WCI) this week, raising the benchmark to $2,208 per 40ft container. This figure remains 79% lower than the pandemic peak of $10,377, recorded in September 2021, but still 55% higher than the pre-pandemic average of $1,420 in 2019.
The average year-to-date (YTD) composite index stands at $2,993 per 40ft container, which is $105 above the 10-year average of $2,887. This increase is influenced by the atypical pricing dynamics during the Covid-19 period.
Drewry noted significant variations among different shipping routes. Rates from Shanghai to Los Angeles rose by 10% ($239) to $2,726 per 40ft container, while Shanghai to New York increased by 8% ($272) to $3,894. On the other hand, rates from Rotterdam to Shanghai fell by 7% ($34) to $466 per container, and Shanghai to Genoa decreased by 4% ($140) to $3,031 per container. Additionally, rates from Shanghai to Rotterdam dropped by 3% ($66) to $2,304 per 40ft container.
Drewry observed a reversal in the Transpacific trade lane's trend of declining spot rates, primarily driven by recent sailing cancellations. However, the introduction of new tariffs is expected to add further volatility to spot rates.
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