Container shipping rates are surging as shippers rush to move goods during a narrow reprieve in US-China trade tensions. Drewry’s World Container Index (WCI) jumped 41% last week to $3,527 per 40ft container, marking the second-largest dollar gain in the index’s history. The increase is part of a broader 70% rise over the past four weeks, driven largely by booming transpacific volumes. Attention now turns to whether the upward trend will continue, with analysts warning of a potential downturn in the latter half of the year...
