Drewry's world container index jumps 4% to $4,526/FEU as Shanghai waits hit 32.3 hours

Summary

Drewry's World Container Index rose 4% to $4,526 per 40ft box in its 20 August reading, led by transpacific gains. Average waiting time at Shanghai reached 32.3 hours in week 33, with carriers reporting 5-8 day waits at Yangshan on selected services, while Conakry's seven-day average hit 19 days. Congestion is absorbing effective capacity in Asia and northern Europe, holding rates above where demand alone would put them.