Spot rates on Drewry’s are no longer dreary. The World Container Index (WCI) took a near 10% tumble, the first in 29 months, as the index slid down to US$4,472 on 22 September. It must be noted that the WCI recorded its highest-ever quote on 23 September 2021 at US$10,377, exactly, a year back. The WCI has now lost all of its gains since January 2021.
The Index had shaved 57% ever since then, driven primarily by spot rate corrections in trade lanes from China to Rotterdam, Genoa,...
https://container-news.com/world-container-index-sinks-to-january-2021-levels-at-21-month-low/