Drewry’s World Container Index (WCI) declined -5% WoW to $1,669 per 40ft container, marking the 16th straight weekly drop and reaching its lowest level since January 2024.

• Shanghai–Los Angeles spot rates fell -5% WoW to $2,196/feu, extending losses ahead of China’s Golden Week factory closures.

• Shanghai–New York rates slipped -2% WoW to $3,200/feu, continuing the broader downward trend.

• Asia–Europe lanes weakened for the 10th consecutive week, with Shanghai–Rotterdam down -7% WoW to $1,613/feu and Shanghai–Genoa down -9% WoW to $1,804/feu.

• Carriers have increased blank sailings and cut capacity to offset slowing demand, but rates continue to fall across major East–West trade routes.

• Drewry projects the supply–demand balance will deteriorate further in coming quarters, driving additional contraction in spot rates.