The Drewry World Container Index (WCI) fell 6% week-on-week to US$1,913 per FEU in Week 38, marking its 14th straight weekly decline as Japan International Freight Forwarders Association (JIFFA) reported. The index now sits 52% lower than a year ago, reflecting persistent weakness in the global container market.
Trans-Pacific rates resumed their slide, erasing the brief gains from earlier this month. Shanghai–Los Angeles spot rates dropped 4% to US$2,561 per FEU, while Shanghai–New York rates fell 5% to US$3,571 per FEU. Analysts noted that the impact of general rate increases (GRIs) and blank sailings has worn off, pulling prices back to early-September levels.
Asia–Europe lanes also saw sharp declines. Shanghai–Rotterdam rates fell 11% to US$1,910 per FEU, while Shanghai–Genoa rates dropped 9% to US$2,131 per FEU.
The simultaneous fall on both major east–west trade lanes signals that the market remains oversupplied, with carriers struggling to maintain pricing despite capacity management efforts.
The post WCI drops 6% as trans-pacific and Asia–Europe rates decline appeared first on Container News.
