The Drewry World Container Index (WCI) jumped a further 16% over the last week to hit $4,072 per feu on 23 May and is 142% higher than it was at the same time in 2023. This follows 11% and 16% rises in the weeks ended 16 May and 9 May respectively.

Gains by the benchmark Shanghai Containerized Freight Index (SCFI) were more muted, but still significant rising 7.24% to hit 2,703.43 points on 24 May. In the prior two weeks the SCFI had jumped 29.8%.