With U-Freight’s strong presence in the global container shipping arena, we note that Drewry’s composite World Container Index (WCI) decreased three percent to USD2,350 per 40ft container this week.
This was the ninth consecutive week that the WCI has declined and it continues to stabilise after a volatile period.
The unpredictability began after US tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a huge decline until mid-July, before the downward trend lost momentum and the rate of decrease slowed considerably.
Since the big rush to ship cargo before the tariff increase is now over, Drewry expects spot rates to be less volatile in the coming week.
Drewry’s Container Forecaster expects the supply-demand balance to weaken again in 2H25, which will cause spot rates to contract. The volatility and timing of rate changes will depend on Trump’s future tariffs and on capacity changes related to the introduction of US penalties on Chinese ships, which are uncertain.
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