Drewry WCI Slips to $4,255/FEU as August GRIs Meet Sub-$5,000 Asia-Europe Discounting

Summary

Drewry's World Container Index fell to $4,255 per 40ft box in late July, with Shanghai-Genoa down 6% to $5,630. Forwarders report Asia-Europe quotes below $5,000 per FEU, undercutting August general rate increases. MSC will revise South Asia to Europe tariffs from August 16 as carriers lean on blank sailings to defend vessel utilisation.