Drewry WCI Archives - The Loadstar Making sense of the supply chain Fri, 01 Nov 2024 18:46:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 ‘Desperate’ GRIs by carriers prop up Asia-Europe spot rates, for now https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/ https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/#respond Fri, 01 Nov 2024 13:39:54 +0000 https://theloadstar.com/?p=284052 Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing to push through a general rate increase on ex-Asia loadings.
This week’s Drewry World Container Index (WCI) saw the spot rate on the Shanghai-Rotterdam leg rise 8% week on week, to $3,396 per 40ft, while the Shanghai-Genoa leg grew 11%, to $3,648 per 40ft.
One European forwarder told ...

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]]> https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/feed/ 0 284052 Rates still slipping as peak season recedes and port strike threat subsides https://theloadstar.com/rates-still-slipping-as-peak-season-recedes-and-port-strike-threat-subsides/ https://theloadstar.com/rates-still-slipping-as-peak-season-recedes-and-port-strike-threat-subsides/#respond Fri, 18 Oct 2024 11:12:57 +0000 https://theloadstar.com/?p=283042 Freight rates are continuing their downward correction following the premature peak season and front-loading of volumes, leaving shipping lines facing an underwhelming winter.
The Drewry World Container Index (WCI) this week continued its drastic downward trajectory, established in July, reaching $3,216 per feu, demonstrating that Cape of Good Hope transits are now a matter of routine. New tonnage is constantly hitting the water and the decision of whether port workers on ...

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]]> https://theloadstar.com/rates-still-slipping-as-peak-season-recedes-and-port-strike-threat-subsides/feed/ 0 283042 Spot rate decline slows, but prices for some long-term ocean contracts soar https://theloadstar.com/spot-rate-decline-slows-but-prices-for-long-term-ocean-contracts-soar/ https://theloadstar.com/spot-rate-decline-slows-but-prices-for-long-term-ocean-contracts-soar/#respond Fri, 20 Sep 2024 12:37:01 +0000 https://theloadstar.com/?p=280846 Spot container freight rates on the main east-west trades continued to fall this week, although the trajectory of the decline has begun to flatten, with the drops all in single digits.
The largest decline was seen on the Asia-North Europe trade: yesterday’s weekly World Container Index from Drewry saw its Shanghai-Rotterdam leg slump 9% week on week, to $4,682 per 40ft, although it still remains nearly 300% up on the same ...

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]]> https://theloadstar.com/spot-rate-decline-slows-but-prices-for-long-term-ocean-contracts-soar/feed/ 0 280846 Container spot rate rises moderate – peak in sight? https://theloadstar.com/container-spot-rate-rises-moderate-peak-in-sight/ https://theloadstar.com/container-spot-rate-rises-moderate-peak-in-sight/#respond Fri, 19 Jul 2024 12:11:27 +0000 https://theloadstar.com/?p=276916 In the surest sign yet that soaring container spot freight rates may have reached something resembling a peak, this week’s indexes showed the smallest gains in months, while a couple of main east-west routes began to decline.
Drewry’s World Container Index (WCI) recorded a 3% week-on-week decline on its Shanghai-Los Angeles leg to $7,288 per 40ft, a trend that was supported by a 1% week-on-week drop on Xeneta’s XSI Asia-US west ...

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]]> https://theloadstar.com/container-spot-rate-rises-moderate-peak-in-sight/feed/ 0 276916 Looks like ‘an early peak season’, but is it the peak of spot rate pricing? https://theloadstar.com/looks-like-an-early-peak-season-but-is-it-the-peak-of-spot-rate-pricing/ https://theloadstar.com/looks-like-an-early-peak-season-but-is-it-the-peak-of-spot-rate-pricing/#respond Fri, 21 Jun 2024 11:47:37 +0000 https://theloadstar.com/?p=274865 Summer officially began in the northern hemisphere yesterday, but with large parts of Europe still feeling the grip of a wintery spring, you could be forgiven for mistaking which season we are actually in.
It seems an apt metaphor for the current container spot freight market: is it in the throes of an early peak season, propelled by western retailers “pre-stocking” to avoid congestion and supply chain disruption during the normally ...

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]]> https://theloadstar.com/looks-like-an-early-peak-season-but-is-it-the-peak-of-spot-rate-pricing/feed/ 0 274865 Spot rates ex-China set to hit five figures – high street prices will rise, warning https://theloadstar.com/spot-rates-ex-china-set-to-hit-five-figures-high-street-prices-will-rise-warning/ https://theloadstar.com/spot-rates-ex-china-set-to-hit-five-figures-high-street-prices-will-rise-warning/#respond Fri, 07 Jun 2024 11:51:15 +0000 https://theloadstar.com/?p=273835 There were further double-digit increases in container spot freight rates this week, after a series of general rate increases and other surcharges came into effect on 1 June, a day or two after last week’s indices were published.
Drewry’s World Container Index (WCI) recorded week-on-weeks gains of 14%, 17% and 11% on its Shanghai-Rotterdam, Shanghai-Genoa and Shanghai-Los Angeles routes, respectively.
Its reading for the Asia-North Europe leg stood at $6,032 per 40ft, ...

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]]> https://theloadstar.com/spot-rates-ex-china-set-to-hit-five-figures-high-street-prices-will-rise-warning/feed/ 0 273835 Box rates ease, but ‘things may get worse for shippers before they get better’ https://theloadstar.com/box-rates-ease-but-things-may-get-worse-for-shippers-before-they-get-better/ https://theloadstar.com/box-rates-ease-but-things-may-get-worse-for-shippers-before-they-get-better/#respond Fri, 31 May 2024 10:35:35 +0000 https://theloadstar.com/?p=273211 It appears increasingly likely that the main east-west container trades have now entered an early peak season – which, combined with disruptions such as equipment shortages, port congestion and schedule volatility, has caused the recent spike in spot rates.
There were tentative signs this week, however, that the pressure might be easing.
After three weeks of consecutive double-digit rate increases, this week saw low-to-mid single-digit rises, indicating that the upward spiral has ...

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]]> https://theloadstar.com/box-rates-ease-but-things-may-get-worse-for-shippers-before-they-get-better/feed/ 0 273211 Shipper fury as spot rates soar – and box lines ignore contracts https://theloadstar.com/shipper-fury-as-spot-rates-soar-and-box-lines-ignore-contracts/ https://theloadstar.com/shipper-fury-as-spot-rates-soar-and-box-lines-ignore-contracts/#comments Fri, 24 May 2024 12:59:36 +0000 https://theloadstar.com/?p=272789 The sense of genuine anger amongst North European shippers and freight forwarders was palpable this week as they struggled to digest rapidly escalating spot freight rates.
The ascent steepened over recent weeks, with Drewry’s WCI Shanghai-Rotterdam leg rising 20% week-on-week to finish at $4,999 per 40ft.
However, sources told The Loadstar that slots were being purchased at much higher levels.
“Real terms rates for spot are in the $6,000-$7,500 mark, with carriers saying ...

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]]> https://theloadstar.com/shipper-fury-as-spot-rates-soar-and-box-lines-ignore-contracts/feed/ 3 272789 East-west freight rates continue rise; even transatlantic edges up https://theloadstar.com/east-west-freight-rates-continue-rise-even-transatlantic-edges-up/ https://theloadstar.com/east-west-freight-rates-continue-rise-even-transatlantic-edges-up/#respond Fri, 17 May 2024 10:34:57 +0000 https://theloadstar.com/?p=272136 Container spot rates have continued their upward trajectory on the trunk east-west trades with double digit week-on-week gains on the Asia-Europe and Asia-North America routes.
Drewry’s World Container Index (WCI) recorded 12% week-on-week increases on Shanghai-Rotterdam, Shanghai-Los Angeles and Shanghai-New York legs, which respectively finished the week at $4,172, $4,476 and $5,717 per 40ft.
“Drewry expects ex-China freight rates to rise due to increased demand, tight capacity, and the need to reposition ...

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]]> https://theloadstar.com/east-west-freight-rates-continue-rise-even-transatlantic-edges-up/feed/ 0 272136 Trade growth getting stronger, but ocean freight rates stay flattish https://theloadstar.com/trade-growth-getting-stronger-but-ocean-freight-rates-stay-flattish/ https://theloadstar.com/trade-growth-getting-stronger-but-ocean-freight-rates-stay-flattish/#respond Fri, 26 Apr 2024 11:21:20 +0000 https://theloadstar.com/?p=270432 While rates on the transpacific continued to soften, and Asia-Europe trades showed marginal gains, the lift in pricing on the transatlantic, where rates grew earlier in the month, has levelled this week, according to Drewry. 
New York-Rotterdam remained flat in the week to 25 April, but slipped 3% to $2,214/feu on the return.  
Freightos FBX also recorded broadly flat rates, with North Europe to North America east coast at $1,732/feu.
Piers data ...

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