Container spot rates slide for third week as demand weakens
Transpacific and Asia–Europe lanes lead declines while carriers boost blank sailings and diverge on Red Sea routing
Container spot rates fell for a third consecutive week as pre-Chinese New Year demand weakens, with the Drewry World Container Index dropping 5% to US$2,107/feu.
Transpacific routes led the decline: Shanghai–New York fell 7% to US$2,969/feu while Shanghai–Los Angeles dropped 4% to US$2,442/feu. Asia–Europe followed a similar trajectory, with Shanghai–Rotterdam down 5% to US$2,379/feu and Shanghai–Genoa falling 6% to US$3,293/feu (Drewry).
Carriers are responding with capacity discipline. Drewry’s Container Capacity Insight shows 63 blank sailings announced for February, up from 27 in January.
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