A 25% tumble in the transatlantic rates, Rotterdam to Shanghai at US$2,003, awarded the Drewry World Container Index with its lowest ever level since 15 November 2019 and with that officially at its lowest quote in the post-pandemic era.
The transatlantic rates which have shaved off nearly 39% in a mere fortnight, about US$1,223, have now eroded 73% since their peak in November 2022, and are currently lingering at levels last seen around Christmas in 2020.
The Drewry World Container Index (WCI)...