Fortress SITC – liner shipping's insulated star performer
Is it a bird? Is it a plane? Nope, it’s a ship
There was more evidence in this week’s container port freight markets that peak prices on the main east-west deepsea trades have passed.
All three major indices recorded single-digit declines on the back of lower utilisation of ships loading in Asia.
The most significant drops were seen on the transpacific Asia-North America route, where Drewry’s World Container Index (WCI) Shanghai-Los Angeles declined 5% week on week, to yesterday’s level of $6,934 per 40ft, while Xeneta’s transpacific XSI saw a 6% drop, to $7,322 ...
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