Drewry WCI drops for second consecutive week amid weak US demand
Drewry World Container Index declined for the second consecutive week, dropping 9.02 per cent to $2,983 per FEU on June 26 due to weak US-bound cargo demand. Spot rates to New York and Los Angeles fell 13 per cent and 20 per cent, respectively, though they remain significantly higher than seven weeks ago. Market volatility is expected amid tariff uncertainty and potential shipping capacity shifts.
Drewry World Container Index declined for the second consecutive week, dropping 9.02 per cent to $2,983 per FEU on June 26 due to weak US-bound cargo demand.
Spot rates to New York and Los Angeles fell 13 per cent and 20 per cent, respectively, though they remain significantly higher than seven weeks ago.
Market volatility is expected amid tariff uncertainty and potential shipping capacity shifts.
