30 July 2024
Freight News

Container Shipping Rates Dip for First Time in Months as Restock Rally Fades

Spot rates for shipping containers fell for the first time in almost three months amid signs demand is cooling, after U.S. tariffs on Chinese goods and other trade disruptions sparked an earlier-than-usual peak season for restocking.


The Drewry World Container Index composite of eight major trade lanes dropped 2.2% to $5,806 for a 40-foot unit, snapping a 12-week-long advance, according to figures released Thursday. That’s still about three times higher than the rate posted at the end of 2023, when cargo ships started diverting en masse away from the Red Sea to avoid Houthi attacks.

Read more in an article from Supply Chain Brain.

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