Drewry World Container Index: Week of November 20th

The Drewry World Container Index (WCI) held steady WoW at $1,852 per 40ft container, reflecting offsetting moves between weakening Transpacific demand and rising Asia–Europe rates.
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Shanghai–New York fell -10% WoW to $2,922, marking a second straight weekly decline as Transpacific spot rates continued to soften.
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Shanghai–Los Angeles dropped -7% WoW to $2,172, with Drewry noting that blank sailings are expected to decrease next week, suggesting more capacity and additional rate pressure.
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Shanghai–Genoa rose +6% WoW to $2,319, extending a six-week streak of increases on the Asia–Europe lane.
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Shanghai–Rotterdam increased +8% WoW to $2,193, supported by carriers implementing higher December FAK rates to push spot levels upward ahead of contract negotiations.
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Overall WCI remained unchanged WoW, as falling Transpacific rates were offset by rising Asia–Europe rates.
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Drewry’s forecaster expects the supply-demand balance to weaken in coming quarters, especially if Suez Canal transits normalize and bring additional capacity back into the market.
