Drewry’s World Container Index fell -3% WoW to $2,350 per 40ft container, marking a ninth straight weekly decline as the post–tariff surge in rates continues to unwind.

• Shanghai–Los Angeles rates fell -2% to $2,494/feu, while Shanghai–New York rates dropped -5% to $3,638/feu.
• The recent downtrend began in mid-June after a sharp tariff-driven spike from May to early June.
• Drewry expects spot rates to remain less volatile in the near term but sees renewed downward pressure in 2H25 as the supply-demand balance weakens.
• Future rate movements hinge on additional US tariffs and possible penalties on Chinese ships, which could alter capacity dynamics.