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Worst June in years for spot rates as WCI breaches US$1,500

In what was the worst ever month of June since 2015, the latest quotes also saw the level of US$1,500 breached for the first...

Drewry’s WCI plunges as spot rates see another strong weekly dip

The Drewry World Container Index (WCI) has lost about 600 points since the New Year 2023, despite a neutral outlook on rates at the...

Biggest weekly dive for Drewry’s WCI in six months even as US West Coast congestion looms

The Drewry World Container Index took its largest ever weekly dive of 5.3% to end at US$1,592, its lowest in 36 months, as transpacific...

Seafarer labour market tightest on record

The 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, which represents a marked rise from...

Drewry’s World Container Index drops this week

Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry Supply Chain AdvisorsThe...

Stable outlook on Drewry’s WCI as spot rates stuck in a range

It seems that the spot rates would be range-bound for a while! The Drewry’s World Container Index took just a 1% hit for the...

Drewry’s World Container Index snaps losing streak as Transpacific spot prices shoot up

The Drewry's World Container Index (WCI) snapped its losing streak, registering a 3.8% weekly uptick for the index on the back of strong price...

Subdued but strong March for Drewry’s container index as forecasts boom despite specific looms

The Drewry's World Container Index (WCI) ended just about 0.5% lower for the week at US$1,710, still looming below the Christmas-2019 mark, though not...

Drewry’s World Container Index knocks January 2020 levels, but will the spring leave the winter far behind?

The Drewry’s World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50th week of dips over the last year. The rates have...

THE Alliance leads blank sailing race

Drewry has published the weekly Cancelled Sailings Tracker service which provides a snapshot of cancelled sailings announced by each container shipping alliance against the...
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Asia container exports to US surge in February

In February, container exports from 18 Asian countries and regions to the United States experienced a significant rebound compared to the previous year. According to...

Puerto Rico Ports Authority announces significant investment in terminal development

Puerto Rico governor Pedro R. Pierluisi, alongside officials from the Department of Housing and the Puerto Rico Ports Authority (PRPA), visited Trailer Bridge’s Army...

ABS boss foresees implementation of global carbon tax on shipping

ABS Chairman and CEO Christopher J. Wiernicki conveyed the imminent implementation of a universal, global carbon tax on shipping, highlighting the emergence of alternative...

One Equity Partners takes over Acteon Group

One Equity Partners (OEP), a middle market private equity firm, has acquired Acteon Group, a global marine energy and infrastructure solutions company. The financial terms...