Golden Week Blank Sailings Hit 11% as Transpacific Spot Rates Top $10,000

The week of September 14 delivered the sharpest split the container market has shown since the pandemic era. Drewry's World Container Index put the Shanghai to New York leg at $10,394 per 40ft container in its September 18 assessment, up 7% on the week and the first reading above $10,000 since mid-2022. The Shanghai to Los Angeles leg climbed 5% to $7,712. On the other side of the world, Shanghai to Rotterdam fell 9% to $3,626 and Shanghai to Genoa slipped 5% to $4,016.

Key Takeaways Shanghai-New York spot freight broke $10,000 per FEU for the first time since 2022, hitting $10,394 in Drewry's September 18 WCI assessment. Carriers cancelled 79 of 721 planned sailings for September 14 to Octob…