Drewry’s World Container Index (WCI) rose +2% WoW to $1,687 per 40ft container, marking the first increase after 17 consecutive weekly declines, supported by General Rate Increases (GRIs) on key routes.

• Shanghai-Rotterdam rates jumped +6% WoW to $1,669 per 40ft container, helped by new Freight All Kinds (FAK) rate hikes implemented mid-October.

• Shanghai-Genoa increased +2% WoW to $1,821, showing mild recovery across Asia-Europe lanes after the post-Golden Week slump.

• Shanghai-Los Angeles rose +1% WoW to $2,195, while Shanghai-New York climbed +1% to $3,236, reflecting early impact from recent carrier GRIs.

• Los Angeles-Shanghai slipped -1% WoW to $710, indicating softer backhaul demand.

• Rotterdam-New York and New York-Rotterdam both increased +2% WoW to $1,797 and $845, respectively.

• Despite the weekly rebound, spot rates remain sharply lower YoY, with the composite index down -48% and Asia-Europe routes off more than -45%.

• Drewry expects the rate gains to be short-lived, with additional GRI attempts planned for November to offset an anticipated downturn as supply-demand conditions weaken in coming quarters.