The losses for the Drewry’s World Container Index (WCI) keep stretching. The Index lost 8% to end at US$3,688.75 for the week, extending its weekly-loss streak to 32 weeks. The Index has now lost 76% of its gains since the pre-pandemic levels.
An often oversighted trade lane, the Rotterdam-Shanghai saw its spot prices dip to three digits for the first time since May 2020, depicting a quote of US$967. The US-Europe trade which is affected by congestion across...