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Drewry reported that its World Container Index rose 17.8 percent in one week to $1,770 per FEU, a 20-month high on major East-West routes. The index is up 62 percent since Hanjin's bankruptcy in late August 2016.
Container rate strength matters little for bulk feed ingredients, though it signals tight container capacity that is not directly tied to grain freight prices.
freightwaves.comFreightWaves StaffJan 6, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
