The Drewry World Container Index (WCI) reversed the downward trend observed over the past three weeks and recorded a 1% rebound, reaching USD 4,297 per 40-foot container (FEU). The increase was mainly supported by the strengthening of rates on transpacific routes.
On the transpacific route, spot rates from Shanghai to New York rose 4% to USD 7,893 per 40-foot container, while rates from Shanghai to Los Angeles grew 3%, standing at USD 5,894 per 40 feet. Carriers successfully applied general rate increases (GRIs) as volumes remained firm in August.
Meanwhile, port congestion in central and southern China continued to limit capacity, providing further support to freight rates. According to Drewry’s Container Capacity Insight report, eight blank sailings have been scheduled for the next week, unchanged from this week, indicating stable available capacity in the market. Consequently, Drewry expects rate volatility to decrease in the coming week.
On the Asia–Europe route, spot rates remained stable this week. Freight rates from Shanghai to Genoa fell 2% to USD 5,506 per 40-foot container, while those from Shanghai to Rotterdam remained firm at USD 4,653 per 40-foot container.
According to Drewry’s Container Capacity Insight, three blank sailings were recorded this week and the same number is expected for next week on the Asia–Europe leg. As carriers continue to manage available capacity, Drewry expects rates to remain stable next week.
The East–West container freight market remained volatile amid tensions in the Middle East, new US tariffs, and congestion at Asian ports. Iran and the US resumed hostilities in late July, increasing uncertainty over navigation through the Strait of Hormuz and prompting several carriers to introduce Emergency Fuel Surcharges (EFS) starting in August.
Meanwhile, carriers continued to manage capacity through blank sailings and service adjustments. Ongoing uncertainty surrounding global trade policies, geopolitical events, and port congestion is expected to influence market conditions and freight rate trends in the coming weeks.
