Drewry World Container Index (WCI) dropped by 5.47 per cent to $3,489 per 40ft container, continuing its decline due to weak demand.
However, rates could rise soon due to the Middle East conflict and the ILA port strike.
Despite being 66 per cent lower than the pandemic peak, the WCI remains 146 per cent higher than pre-pandemic rates.
Shipping routes may be affected by tensions in the region.
However, rates could rise soon due to the Middle East conflict and the ILA port strike.
Despite being 66 per cent lower than the pandemic peak, the WCI remains 146 per cent higher than pre-pandemic rates.
Shipping routes may be affected by tensions in the region.
