An absence of huge swings in weekly East-West container freight rates suggest the market is stabilizing.
Container spot rates on the main East-West trading corridor have been on a steep incline over the past 16 weeks, with Drewry’s World Container Index (WCI), a composite of weekly container freight rates on eight major routes to and from the US, Europe and Asia, rising by around $500 per 40ft container since mid-April.
