Drewry WCI Nudges Up to $3,010 as Carriers Lock In June Increases

Summary

The Drewry WCI composite index edged up 1.3% week-on-week to $3,010 per 40ft container for the week ending May 14, its highest since March. Shanghai-New York rose 2% to $4,780 and Shanghai-Genoa gained 2% to $4,120. With most carriers' June 1 increases now filed, Drewry expects the index to stabilise near current levels before the next demand-driven move later in the quarter.