Drewry WCI falls 1.59% as tariffs weaken shipping demand
Drewry WCI dropped 1.59 per cent to $2,157 per FEU on April 24, reflecting reduced demand due to global tariff tensions. Despite being 79 per cent below its 2021 pandemic peak, it remains 52 per cent above 2019 levels. Major trade routes saw rate declines, while some remained stable. Drewry anticipates further rate drops amid continued trade uncertainty and reciprocal tariffs.
Drewry WCI dropped 1.59 per cent to $2,157 per FEU on April 24, reflecting reduced demand due to global tariff tensions.
Despite being 79 per cent below its 2021 pandemic peak, it remains 52 per cent above 2019 levels.
Major trade routes saw rate declines, while some remained stable.
Drewry anticipates further rate drops amid continued trade uncertainty and reciprocal tariffs.
