The Drewry World Container Index (WCI) decreased by 2% from the previous week to $1,806 per FEU in Week 48, mainly driven by lower rates on the trans-Pacific and Asia–Europe trade lanes as Japan International Freight Forwarders Association (JIFFA) reported. Compared with the same period last year, the index is now 46% lower, reflecting continued pressure on global freight markets.
Trans-Pacific Rates Continue Sliding
Spot rates on the trans-Pacific headhaul route fell for the third consecutive week. Freight rates from Shanghai to New York declined by 6% ($187) to $2,735 per FEU, while rates from Shanghai to Los Angeles dropped 4% ($83) to $2,089 per FEU.
According to Drewry’s Container Capacity Insight, the number of blank sailings on the trans-Pacific route is expected to decrease in Week 49, which will increase available vessel capacity in the market. As a result, Drewry anticipates that freight rates may soften slightly in the coming week due to the added supply.
Asia–Europe Rates Edge Lower After Growth Streak
After rising for six consecutive weeks, spot rates on the Asia–Europe trade lane also declined during Week 48. Rates from Shanghai to Genoa eased by 1% ($19) to $2,300 per FEU, while Shanghai to Rotterdam rates fell 1% ($28) to $2,165 per FEU.
In response, carriers are attempting to reverse the downward trend by introducing higher freight-all-kinds (FAK) rates, ranging between $3,100 and $4,000 per FEU, effective immediately. This strategy aims to support spot pricing ahead of the upcoming annual contract negotiation season.
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