Drewry WCI drops again as carriers adjust to lower demand

The Drewry World Container Index fell by 0.71 per cent to $2,076 per FEU on May 8, remaining 80 per cent below its 2021 peak but 46 per cent above pre-pandemic levels.
Freight rates on major routes showed mixed trends, with declines on Asia-Europe routes and increases on Asia-US routes.
Drewry expects rates to stabilise as carriers adjust capacity amid reduced cargo bookings from China.Read More