Ocean Spot Rates Cool in June as Demand Wanes, Experts Say
Ocean spot rates from Asia to North America have mainly cooled from a sharp uptick to start June due to low demand for U.S.-bound cargo, according to Drewry’s World Container Index.
Container Rates Up Another Two Percent
Drewry’s World Container Index (WCI) increased another two percent for the week of May 19 to 23 and is now US$2,276 per 40-ft container.
Container Rates Up for Second Straight Week
Drewry’s World Container Index (WCI) went up seven percent, to US$3,444 per 40-ft container, last week, increasing for the second straight week after a steady decline since early July.
Rates Still Slipping as Peak Season Recedes and Port Strike Threat Subsides
Freight rates are continuing their downward correction following the premature peak season and front-loading of volumes, leaving shipping lines facing an underwhelming winter.
