Demand from Asia to the Middle East and South Asia is in a steep decline, according to Drewry.
Drewry
Drewry, World Container Index – 27 Sep
The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia, is down by 0.2% to $1,721.17 per 40ft container (updated Thursday, 27 September 2018).
Two-year spot freight rate trend for the World Container Index:
World...
http://container-news.com/drewry-world-container-index-27-sep/
Drewry: More Service Cuts Needed to Revive Asia-Europe Corridor
Drewry: Another service cut in Asia to North Europe corridor would help the spot market gain traction.