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Ocean Freight Market Softens but Structural Pressures Keep Rates Elevated
Drewry’s latest World Container Index (WCI) fell by 1%, marking its third consecutive weekly decrease. As reported by Drewry, the decrease reflects lower pricing on Asia–Europe, Trans-Pacific and Trans-Atlantic trade routes. “Despite elevated fuel costs and ongoing geopolitical risks, rates remain under sustained downward pressure due to excess capacity and low demand,” noted Drewry. Carriers