Drewry World Container Index eases 1% to $4,473 as Shanghai-New York slips to $9,333

Summary

Drewry's composite World Container Index fell 1% to $4,473 per 40ft container in its 27 August assessment. Shanghai-New York dropped 2% to $9,333 and Shanghai-Los Angeles held at $6,818, while Shanghai-Genoa fell 2% to $4,866 and Shanghai-Rotterdam 3% to $4,287. Transpacific blank sailings fall to four next week from seven, while Asia-Europe blanks double to four. Congestion pushed average waiting time at Shanghai to 96 hours, from 35 hours a week earlier.