Container spot rates still falling, but gently, thanks to capacity discipline

Container spot freight rates on the main east-west trades all declined over the past week, the surest sign yet that this year’s peak season is past its apex – at least in terms of pricing. Drewry’s World Container Index (WCI) recorded spot rate declines in the headhaul directions across all three of its main east-west trades. The WCI’s Shanghai-Rotterdam leg dropped 1% week on week, to finish at $ Read full article →