Chinese exports continue to drive trade and support intra-Asia rates
Intra-Asia rates continue to be held up by Chinese exports. While a correction in Shanghai-South-east Asia ...
Algeciras, Cadiz, Spain - June 24, 2021: Ships, containers and cranes in the commercial port of Algeciras, with the rock of Gibraltar in the background with a large cloud above
The latest Drewry World Container Index (WCI) of container shipping rates remained stubbornly high this week, despite a 1% decrease to an average $5,736 per 40ft, still well above the year’s average of $3,946.
But among that little movement, Shanghai-Los Angeles rate dropped 3%, to $6,740 ...
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