The Drewry World Container Index has fallen 5% to $1,669 per 40ft container, marking the 16th consecutive weekly decline and reaching its lowest level since January 2024. Spot rates from Shanghai to Los Angeles decreased 5% to $2,196 per 40ft container, while Shanghai to New York rates fell 2% to $3,200. Shanghai-Rotterdam rates dropped 7% to $1,613 per 40ft container, and Shanghai-Genoa rates fell 9% to $1,804. With Chinese factories shutting down for eight days from October 1, East-West spot rates are expected to continue their downward trajectory in the coming weeks. Drewry's World Container Index (WCI) fell 5% to $1,669 per 40ft container, marking the 16th consecutive weekly decline and reaching the lowest level since January 2024.