Delayed ‘Fortnight Brace’ effect – spot rate decline coming

Last week – week 28, starting 6 July – Drewry’s World Container Index (WCI) bucked the recently observed Fortnight Brace trends from earlier this year* (more here and here; click to expand the table below). (*Pease note: 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 Read full article →