Drewry World Container Index: Week of January 29th

The Drewry World Container Index fell -5% WoW to $2,107 per 40ft container, extending a third straight weekly decline amid broad route softness.
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The composite WCI declined -5% WoW to $2,107, driven mainly by falling Transpacific and Asia–Europe spot rates.
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Shanghai–New York spot rates dropped -7% WoW to $2,969, indicating renewed weakness on the Transpacific East Coast lane.
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Shanghai–Los Angeles rates fell -4% WoW to $2,442, contributing further to the overall index decline.
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Asia–Europe routes continued to soften for a third week, with Shanghai–Rotterdam down -5% WoW to $2,379 and Shanghai–Genoa down -6% WoW to $3,293.
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Carriers announced 63 blank sailings in February (vs 27 in January), reflecting active capacity cuts as demand remains weak ahead of Chinese New Year closures.
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Divergent Suez strategies emerged, with CMA CGM withdrawing Asia–Europe services while Maersk plans to resume India–U.S. East Coast service via the canal, pointing to uneven capacity adjustments.
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Effective capacity is described as returning gradually through a “drip-feed” approach, aimed at moderating the pace of spot-rate declines.
