Tag: Drewry’s World Container Index
-
Unraveling the Price War: The Impact of Declining Container Spot Rates on Asia-Europe Trades
Decline in Container Spot Rates and Implications for Asia-Europe Trades Introduction to Spot Rate Declines The recent decline in container spot rates following the Chinese New Year (CNY) holiday has been a notable trend across various trade routes, particularly in Asia-Europe trades. This decline has been observed as a partial return to work for freight…
-
Lunar New Year’s Impact on Global Trade and Container Shipping: Navigating Seasonal Disruptions and Recovery
The Impact of Lunar New Year on Global Trade and Container Shipping Overview of Lunar New Year Holiday Season The Lunar New Year holiday season significantly influences global trade, particularly the container shipping industry. This annual event leads to a slowdown in cargo volumes due to factory shutdowns in China, a major player in global…