Shanghai–New York rates slip 2% to $3,200. Drewry’s World Container Index (WCI) took a dip this week, dropping by 5% to settle at $1,669 for a 40ft container. This marks the 16th week in a row that we’ve seen a decline, hitting the lowest point since January 2024, reports Drewry. Factories will be closed for eight days starting October 1st, which means we can expect East–West spot rates to keep dropping in the weeks ahead. Drewry’s Container Forecaster anticipates that the supply-demand balance will weaken over the next few quarters, which could lead to even lower spot rates.