The increased pricing in container spot rates on the main east-west trades eased this week, with just single-digit gains.
And given their absence this week, it appears last week’s eyebrow-raising double-digit gains appear to have been propelled by carrier rate hikes on 1 June. Drewry’s World Container Index (WCI) composite rate grew 2% week on week; although it is 202% up, year on year.
The WCI’s Shanghai-Rotterdam leg also grew 2%, to …
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