The recent decline in container spot rates across major east-west trades has sent shockwaves through the shipping industry.
As carriers discount to protect their income, shippers are left wondering what this means for their China-Europe and China-Australia trade operations.
What's Behind the Decline?
The World Container Index (WCI) has reported a decline in composite rates for the first time in six weeks, a rise that coincided with the launch of US and Israel attacks on Iran.
This decline is a result of weak demand and stable capacity, which has led to a surplus of containers on the market.
Source: theloadstar.com
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