According to data from Drewry, a key measure of ocean shipping costs has increased. The World Container Index rose this week, reaching a price per standard container.
Read also: Container Shipping Rates Rise as Asian Exports Recover, Hormuz Tensions Add Uncertainty
The assessment, dated March 12, indicates the index covers spot market rates across numerous global port connections. The organization’s broader service provides regular updates on thousands of these port pairs.
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The index has long served as an independent benchmark for contracts tied to freight rate movements. Companies seeking visibility beyond specific trade routes or considering such contractual agreements can engage with Drewry’s benchmarking specialists.
Source: IndexBox Market Intelligence Platform
