Drewry World Container Index Climbs 4% to $2,885 as May Peak-Season Build Begins

Summary

The Drewry WCI composite index rose 4% week-on-week to $2,885 per 40ft container for the week ending April 30, the third consecutive weekly gain as importers accelerated frontloading ahead of expected summer demand. Shanghai-Los Angeles increased 6% to $3,510 and Shanghai-Rotterdam added 3% to $2,940. Drewry attributed the firming to early peak-season volumes and tightening transpacific capacity, and forecast further modest increases through May as carriers prepare June 1 rate initiatives.