World Container Index dropped, continuing decline

The World Container Index fell 6% from the previous week to $2,119 per FEU in Week 35, down 59% year-on-year.

This marked the 11th straight week of decline, with further decreases expected in the weeks ahead.



Rate volatility began after the U.S. announced new tariffs in April, triggering a surge from May to early June. Rates then plunged through mid-July and have continued to weaken since.

Spot rates in Trans-Pacific  slid last week, with Shanghai–Los Angeles down 3% ($80) to $2,332 per FEU and Shanghai–New York down 5% ($172) to $3,291 per FEU.

The early peak season, fueled by U.S. retailers’ accelerated purchasing, has ended. With a slowing US economy and higher tariff costs, importers are now reducing orders more cautiously.

Drewry expects further declines on this route.

In Asia–Europe rates also fell, with Shanghai–Rotterdam dropping 10% ($312) to $2,661 per FEU and Shanghai–Genoa down 5% ($136) to $2,842 per FEU. Despite steady demand and port delays in Europe, excess vessel capacity continues to pressure rates downward.

Drewry forecasts continued softening in the coming weeks.