The latest Drewry WCI composite index of $1,488.13 per 40-foot container is now 86% below the peak of $10,377 reached in September 2021 and 79% off the level of one year ago, says an article published on Ship management international.
Average composite indexIt is 45% lower than the 10-year average of $2,686, indicating a return to more normal prices, but remains 5% higher than...
https://mfame.guru/drewry-world-container-index-shows-rates-down/
Drewry’s composite World Container Index decreased by 2.7% to $1,494.46 per 40ft container this week, says an article published on their website.
Our detailed assessmenthttps://mfame.guru/world-container-index-down-2-7-this-week/
Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit which made massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures and, Sailings are now being “blanked” (canceled) not because of lack of demand, but because of lack of tonnage as ships are stuck awaiting berths, says an article published in Freight Waves.
Recovery VesselsWhen ships fall behind schedule due to long waits in port, carriers normally add “recover...
https://mfame.guru/trans-pacific-trade-hits-blank-sailings-due-to-port-congestion/