Snapshot: Fortnight Brace – WCI weakening to continue

In week 30 (up to 24 July), Drewry’s World Container Index (WCI) stuck to the recently observed Fortnight Brace trend. (During this year’s peak season, on the Asia-Europe trades, we have nicknamed it the “Fortnight Brace” principle: double-digit spot rate rises in week 1, followed by a flat or low single-digit rise in week 2; and return and repeat for weeks 3 and 4.) Usual weekly reminder: the dou Read full article →