News / Container rates ex-China dip – just a glitch, as demand stays strong

A container ship approaches the Arthur Ravenel Jr. Bridge in Charleston© Mariusz Bugno

A minor 3% drop this week in the Drewry World Container Index (WCI), continuing a trend which began last week.

Shanghai-US rates were the fastest to dip: Shanghai-LA from a peak of $7,512 in early July to $6,501 yesterday; and Shanghai-NY from $9,612 on 18 July, to $8,931.

This could be little more than a glitch in an otherwise inexorable rise in rates, akin to that seen in the WCI in Q1, which soon reversed.

Indeed, according to Linerlytica, the port of Shanghai ...