The Drewry World Container Index grew 10% WoW to $2,508 last week, the third straight weekly increase in a row.

• Most routes saw gains over the last week with the largest increases in the China to US routes: Shanghai-LA route up 17% WoW and Shanghai-NY route up 14% WoW.
• The volatility and timing of rate changes will depend on the outcome of yesterday’s legal challenges to Trump’s tariffs and on capacity changes related to the introduction of the US penalties on Chinese ships, which are uncertain.