Drewry’s World Container Index (WCI) took a 9% beating this week to end at US$2,773, which is the lowest-ever figure over the past 24 months.
Having slipped past the US$3,000 mark, the index has lost 86% of its gains accumulated since the pandemic period. This is signaling towards the path that the slip in spot rates is yet to be over, despite a reported decrease in services, especially in the Transpacific trade and a high number of blank sailings.
The World Container Index is now about 26% off...
https://container-news.com/two-year-low-for-drewrys-world-container-index/