The Drewry World Container Index (WCI) fell 7% this week to $1,959 per 40ft container, marking the fourth consecutive weekly decline. Spot rates from Shanghai to major US ports dropped sharply. Rates to Los Angeles fell 8% to $2,239, while shipments to New York declined 5% to $2,819. The usual pre-Lunar New Year cargo surge […] The post Drewry WCI drops 7% amid falling spot rates appeared first on Container News .