The Drewry World Container Index (WCI) increased 3% this week to US$2,286 per 40ft container, ending three consecutive weeks of declines as freight rates strengthened on Transpacific and Asia-Europe trade routes. The rebound was mainly driven by new Emergency Fuel Surcharges (EFS) and Peak Season Surcharges (PSS) introduced by carriers amid ongoing geopolitical uncertainty and … Continue reading Drewry World Container Index rebounds as Transpacific rates rise