Container rates have continued to rise as carriers tighten transpacific capacity, according to the latest data from Drewry. The World Container Index has seen a second consecutive week of increases, driven by higher rates on transpacific routes that are offsetting declines on Asia-Europe trades.
The supply chain disruptions that have been affecting the industry for some time are continuing to drive the need for carriers to manage capacity, with Drewry noting that this is the primary factor behind the current rate increases. As the industry navigates these challenges, it is likely that container rates will remain volatile in the short term, with carriers seeking to balance capacity with demand.