Financial Ports

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

CLAVE 1 / 4Drewry’s World Container Index drops 1% to $4,473 per forty-foot container this week.

CLAVE 2 / 4Spot rates from Shanghai to New York fall 2% to $9,333 per box.

CLAVE 3 / 4Carriers cut blank sailings from 7 to 4 for the coming week.

CLAVE 4 / 4Port of Shanghai congestion spikes, with vessel waiting times hitting 96 hours.

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