supply-chain

Is the Drewry freight index holding on booking strength?

Published November 12, 20264 min read

A loaded container ship sits beneath port cranes in warm late-afternoon light. — Container bookings and sailing capacity are shaping the post-peak freight-rate outlook. Illustration: MarketIntelLabs

The composite that freight buyers keep searching is not actually flat. Drewry's World Container Index was assessed at $4,389 per 40-foot container for the week to November 5, down 1 percent from the week before, according to Drewry. That follows a 3 percent drop to $4,429 in the week to October 29 as the trans-Pacific peak eased. So the honest answer to the underlying question, is the freight index holding, is that it is easing from a peak, and the reason it has not fallen much faster is booking strength.

Key Takeaways The Drewry World Container Index was $4,389 per 40-foot container in the week to November 5, down 1 percent week over week. The prior week's $4,429 composite was already a 3 pe…

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