Drewry WCI continues to weaken on Trump factor, higher capacity
The Drewry WCI dropped 6.8 per cent to $2,368 per FEU on March 13 due to weak demand, higher shipping capacity, and the ‘Trump’ factor. Rates remain 77 per cent below the 2021 peak but 67 per cent above 2019 levels. Key routes saw declines, with Shanghai-Genoa down 11 per cent. Drewry expects further declines as capacity rises. Exporters turned to air freight to meet the April 2 tariff deadline.
The Drewry WCI dropped 6.8 per cent to $2,368 per FEU on March 13 due to weak demand, higher shipping capacity, and the ‘Trump’ factor.
Rates remain 77 per cent below the 2021 peak but 67 per cent above 2019 levels.
Key routes saw declines, with Shanghai-Genoa down 11 per cent.
Drewry expects further declines as capacity rises.
Exporters turned to air freight to meet the April 2 tariff deadline.
