The Drewry World Container Index declined again this week, down -4% WoW to $2,264, another roughly three year low.

• Chinese to US routes saw the largest declines last week as trade continues to slowdown there: Shanghai-LA down -9% WoW and -32% YoY and Shanghai-NY down -7% WoW and -30% YoY.
• Drewry expects rates to decrease slightly in the upcoming weeks.