Drewry World Container Index: Week of March 13th
The Drewry World Container Index fell another -7% WoW in the last week to $2,368, the lowest in over two-and-a-half years.
- Chinese routes saw another week of declines: Shanghai-Rotterdam down -5% WoW, Shanghai-Genoa down -11% WoW, Shanghai-NY down -7% WoW, and Shanghai-LA down -8% WoW.
- The only two routes with container rates that are higher YoY are NY-Rotterdam (+33%) and Rotterdam-NY (+6%) which could be due to US-EU trade ramping up ahead of April tariffs.