Container rates dip: Why shippers face a $2bn weekly shift

The global container freight market took a modest step back this week as Drewry’s World Container Index slipped 1% to $4,473 per forty-foot equivalent unit, driven by softer spot rates on the key trans-Pacific and Asia-Europe trade lanes. The number of blanked voyages announced for the coming week has fallen to four, down from seven in the current week, signalling a slight easing of capacity discipline. Trans-Pacific rates slide, but Los Angeles holds steady: container freight rates On the trans-Pacific route, the most closely watched trade lane for US-bound cargo,…

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