Drewry Supply Chain Advisors reports that the World Container Index (WCI) increased 7% this week, reaching $1,927 per 40ft container after three consecutive weeks of decline. The rebound is driven primarily by rate hikes on Transpacific and Asia–Europe trade lanes.
© Stanislav Komogorov | Dreamstime
Spot rates from Shanghai to Los Angeles climbed 8% to $2,256 per 40ft container, while rates to New York rose 6% to $2,895. On the Asia–Europe routes, rates from Shanghai to Genoa jumped 15% to $2,648, and Shanghai to Rotterdam edged up 4% to $2,241 per 40ft container.
Following a period of declining rates, carriers are shifting from traditional fortnightly General Rate Increase (GRI) adjustments to a weekly strategy of smaller, more frequent hikes. This approach aims to maintain consistent upward pressure on spot rates and has contributed to this week's recovery.
Drewry notes that Asia–Europe trades have successfully sustained rates for three weeks, supported by FAK increases ahead of annual contract negotiations. Meanwhile, ongoing uncertainty surrounding the Suez Canal adds volatility, as any full resumption of transits could gradually increase capacity and exert downward pressure on rates, with port congestion likely moderating the effect.
© Drewry
Hind Chitty, Senior Manager at Drewry Supply Chain Advisors, commented:
"After several weeks of declines, the market has shown signs of stabilization, particularly on Transpacific lanes. The weekly GRI strategy appears effective, and we expect spot rates to remain stable in the near term, though regional factors like Suez Canal operations may continue to introduce some volatility."
More information:
Drewry
www.drewry.co.uk
