{
  "id": 19877201,
  "title": "Drewry: World Container Index Down 2% Last Week",
  "url": "https://urgent.news/2026/11/13/drewry-world-container-index-down-2-last-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T22:00:51.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/drewry-world-container-index-down-2-last-week-8/"
  },
  "original_language": "en",
  "account": "The Drewry World Container Index (WCI) experienced a 2% decrease to $4,305 per 40ft container in the most recent week, a trend primarily influenced by falling rates on the Transpacific and Asia-Europe/Med trade routes. This decline followed a similar downward trend on the Asia-Europe/Med route over the past three weeks.\n\nOn the Transpacific route, rates from Shanghai to New York dropped 3% to $9,020, marking the lowest level since August 2026. Similarly, rates from Shanghai to Los Angeles fell 2% to $7,416, the lowest since September 2026. To manage capacity, carriers have announced an increased number of blank sailings, 8 compared to 4 this week.\n\nConversely, congestion at Shanghai port rose to 49 hours last week, up from 36 hours the previous week, after a period of decline over the past 11 weeks. Despite this, Drewry anticipates further rate reductions next week due to persistently weak demand.\n\nOn the Asia-Europe/Med route, rates from Shanghai to Rotterdam fell 3% to $3,504, while rates from Shanghai to Genoa stayed steady at $4,168. Capacity management through blank sailings continues, with 8 announced for next week, up from 5 this week.\n\nThe overall East-West container shipping market remains volatile, with freight rates sinking due to weak demand. Carriers are adjusting capacity and introducing surcharges to stabilize rates in the coming weeks. Ahead of the Lunar New Year, pre-holiday shipments could temporarily boost demand. However, challenges persist, including 53 vessels transiting the Suez Canal and only one vessel passing through the Strait of Hormuz, along with geopolitical uncertainties and ongoing labor disputes at key U.S. ports. Shipping companies should brace for ongoing rate fluctuations in the upcoming weeks.",
  "summary": "For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation requires regional visibility/coverage beyond the eight trade lanes provided below, contact the team. Our detailed assessment for Thursday, 12 Nov 2026 • The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}