Newsletters
Demand and Supply Imbalance Weighs Down Container Spot Rates
The Drewry World Container Index (WCI) dropped 4%, with declines across the Trans-Pacific and Asia-Europe trade lanes. As reported by gCaptain, Trans-Pacific spot rates dropped by as much as 10% despite the typical pre-Chinese New Year demand surge. Analysts warned the seasonal uptick would be short-lived, forecasting a 10% year-on-year drop in container volumes for