DREWRY’s World Container Index (WCI) Asia-North Europe component lost another 10 per cent last week, dragging the reading down to US$1,965 per FEU, having lost half its value in the past four weeks. There seems to be nothing ocean carriers can do – or are prepared to do – to stop the rapid slide of container spot rates this side of the Chinese New Year, according to London’s Loadstar. If the rate erosion on the tradelane continues at this pace, spot rates recorded by the WCI will be below $750...
https://www.seanews.com.tr/asia-n-europe-freight-rates-makes-a-hard-landing-us-1-000-a-box/195188/