Drewry World Container Index: Week of April 24th
The Drewry World Container Index fell -2% WoW to $2,157 last week, a new three year low.
- Declines were seen across most routes with only the NY-Rotterdam route seeing a gain (+1% WoW).
- China to US routes saw the largest declines: Shanghai-LA route down -2% WoW and Shanghai-NY route down -3% WoW.
- Drewry expects rates to continue to decline in the coming week due to uncertainty stemming from reciprocal tariffs.