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The price of container shipping is decreasing

by mariam.mtivlishvili
March 14, 2024
in Business & Economy, Magazine
Reading Time: 1 min read
In 2023, the cargo turnover of Georgian ports decreased

The global container shipping index, which tripled in January 2024 due to the crisis situation in the Red Sea, is already showing a downward trend.

In December 2023, the index was at $1,521, which grew to $3,964 at the end of January, but the price began to decline in February, and in the first week of March, the index fell by about 17% compared to the January 25.

The index of container shipping is calculated by the British consulting company Drewry, which examines the prices of contracts signed on the market.

Tags: shipping
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