Container shipping rates continue to tumble

Drewry’s composite World Container Index (WCI) fell six percent to USD1,913 per 40 feet container in the week to September 18th as the maritime shipping industry is facing multiple headwinds.

This makes interesting reading for the U-Freight group with our strong presence in the global container shipping arena,, as it marks the 14th consecutive week of decline.

This downward trend comes amid intensifying trade tensions, upcoming U.S. vessel restrictions, and a shifting supply-demand balance that threatens to reshape global shipping patterns.

The major trade routes are now aligned in a downward trajectory, though each is moving at different speeds. Transpacific spot rates have resumed their decline after a brief recovery, with Shanghai to Los Angeles rates decreasing four percent to USD2,561 per 40ft container, while Shanghai to New York rates dropped five percent to USD3,571. 

According to Drewry’s assessment, “the momentum from GRIs and blank sailings has now faded, which led to the reduction in rates.”

An excellent article about this can be read on the gCaptain website and is available here:

https://gcaptain.com/container-shipping-rates-continue-decline-as-tariff-concerns-and-u-s-port-fees-on-china-reshape-trade/

For more information about our ocean freight forwarding and logistics services, please visit the relevant pages of this website, or contact your local office, which can be seen here: https://ufreight.com/locations