The Drewry World Container Index (WCI) fell by 5.93 per cent to $2,629 per FEU on February 27, continuing its decline since the Chinese Lunar New Year.
Freight rates dropped on major routes due to weak demand and increased shipping capacity.
The index remains 75 per cent below its 2021 peak but 85 per cent above pre-pandemic levels.
Drewry expects further declines in the coming week.
Freight rates dropped on major routes due to weak demand and increased shipping capacity.
The index remains 75 per cent below its 2021 peak but 85 per cent above pre-pandemic levels.
Drewry expects further declines in the coming week.
