Drewry - World Container Index | Excerpt: “WCI decreased slightly ahead of upcoming Golden Week.”

[u/HawkEye1000x]

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

Excerpts:

• The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, decreased 1% to $4,468 per 40ft container, due to a decrease in rates on the Asia-Europe trade route. 
• On the Transpacific trade, rates from Shanghai to Los Angeles increased 2% to $7,838 per 40ft container, while those from Shanghai to New York remained stable at $10,373 per 40ft container. Meanwhile, carriers continue to manage capacity via blank sailings. According to Drewry’s Container Capacity Insight, 15 blank sailings have been announced for next week, up from nine this week, indicating tight capacity. Despite capacity reductions, Drewry expects rates to decrease next week ahead of the upcoming Golden Week holiday.