Delayed ‘Fortnight Brace’ effect – spot rate decline coming

🇬🇧 The Loadstar (GB) —
Delayed ‘Fortnight Brace’ effect – spot rate decline coming

AI Summary

Drewry’s World Container Index (WCI) observed a delayed 'Fortnight Brace' effect with spot container shipping rates expected to decline. This marks a reversal from earlier trends and signals fluctuating conditions in the container shipping market.

Last week – week 28, starting 6 July – Drewry’s World Container Index (WCI) bucked the recently observed Fortnight Brace trends from earlier this year* (more here and here; click to expand the table below). The post Delayed ‘Fortnight Brace’ effect – spot rate decline coming appeared first on The Loadstar.

Markets Shipping Drewry World Container Index spot rate shipping rates Fortnight Brace container shipping

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