Drewry index holds 22-month high as carriers layer July GRIs

Summary

Shippabo's July newsletter notes Drewry's World Container Index climbed as much as 23% in a single week before settling into a steadier ~5% weekly gain by month-end, a 22-month high, with blank sailings falling to roughly 3% of scheduled departures. Shanghai–Los Angeles rates rose 12% and Shanghai–New York 6% week-on-week per Drewry.