Ocean Freight Rates Caught in Global Coronavirus Slump: Drewry – Sourcing Journal

Drewry’s composite World Container (WCI) index continues its downward trajectory since the first week of February due to the outbreak of coronavirus in China and elsewhere in the world. The index decreased 3.5 percent for the week ended March 5 and reached $1,485.59 per 40-foot container or equivalent (FEU). The WCI was up 3.1 percent…