
Drewry's World Container Index fell to USD 4,389/FEU on November 5, down from USD 4,429 on October 29, though still 124% above a year earlier. The steepest declines were on Asia-to-US routes, while Asia-Europe rates rose on the month to November 3 before facing pressure from returning Suez services.
Carriers also cut blank sailings, adding effective capacity.
Easing container rates, especially on transpacific routes, point to lower freight costs for exporters of feed ingredients and grain products shipped in containers. Asia-Europe rates remain firmer, so the relief is uneven across lanes.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.