News / Rates still slipping as peak season recedes and port strike threat subsides

© Nahid Hasan Masud

Freight rates are continuing their downward correction following the premature peak season and front-loading of volumes, leaving shipping lines facing an underwhelming winter.

The Drewry World Container Index (WCI) this week continued its drastic downward trajectory, established in July, reaching $3,216 per feu, demonstrating that Cape of Good Hope transits are now a matter of routine. New tonnage is constantly hitting the water and the decision of whether port workers on the US east coast will strike again is delayed until ...