The Drewry World Container Index (WCI) registered a 6% weekly fall (over 15% for the fortnight) recording US$2,629, its lowest since the 60% jump recorded to touch US$2,670 in its first quote of 2024.
In essence, these are the lowest ever quotes recorded for the WCI in the post Red-Sea Disruption age. Most key trade lanes have indeed reverted to a 12-month low on prices, with the major share of spoils for the latest quotes coming in from the Asia-US trade.
The Asia-US East Coast numbers indicated...