Ocean spots and demand hold steady, but waves may be building
Container freight spot rates on the transpacific and Asia-Europe trades showed moderate gains this week, ...
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© Dmitrii Melnikov
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“We’re heading for a freight rate war, no question.”
Those were Premium remarks in our circles two weeks ago, when Drewry’s World Container Index (WCI) was released.
(Click to expand the table above and all others.)
As WCI broke below $3,000 after a previous surge, this followed at the time:
“Wow! Another 20% wiped off Asia-USWC [US West Coast]…”
Thursday’s base-case watching now: today we’ll find out if another (very likely) fall comes and the extent of it – regardless of that, here’s how the ...
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