Drewry WCI dips 2% to $4,547 as ten-week rally pauses

Summary

Drewry's World Container Index fell 2% to $4,547 per 40ft on July 16, ending ten weeks of gains, with Shanghai–Los Angeles down 3% to $6,272 and Shanghai–New York flat at $7,879. Nine blank sailings are scheduled on the transpacific next week, and carriers' planned FAK rates of $7,900–$8,500 failed to hold; Drewry expects rates to stabilize as front-loading eases.