PUBLISHER: Freight News (www.freightnews.co.za)
The composite World Container Index (WCI) compiled by sea trade consultancy Drewry has found a 233% year-on-year (y-o-y) increase for forty-foot-equivalent units.
This is after FEU data for last week increased by 7% to $5 117.
Drewry’s latest y-o-y data for FEUs is also 260% higher than the pre-coronavirus average measured in 2019.