Global container shipping rates extended their decline for a third straight week, with weakening demand ahead of Chinese New Year and uncertainty over Suez Canal transits adding fresh pressure across major trade lanes. The Drewry World Container Index fell 5% to $2,107 per 40-foot container, driven largely by sharp drops on the Transpacific and Asia–Europe routes. Spot rates from Shanghai to Rotterdam fell 5% to $2,379, while Shanghai to Genoa dropped 6% to $3,293. The declines come as CMA CGM withdraws its Asia–Europe services from the Suez Canal region, while Maersk plans to resume India–U.S. Drewry analyst Philip Damas said the timing and scale of any return to Suez remains one of the biggest variables for the container market in 2026.