Drewry price index in lowest monthly margin decline since 2012

Drewry’s East West Airfreight Price Index fell by the lowest monthly margin in January since it started in 2012, suggesting greater stability in the market, said the analyst’s Sea & Air Shipper Insight.
While Drewry expects to see a decline between December and January, the reduction was less than in previous years. Rates fell 24 cents between December and January 2016, compared with a fall of 29 cents in 2014-2015.
Rates fell just 0.13 cents, holding about the $3 per kilo mark in January, at $3.01. However, that rate is the second-lowest seen January. (In January 2016 it was $2.69).
Drewry expects to see a small seasonal decline to the index in February.
Rates are also at their highest since October 2016, when they averaged $3.15 per kilo.
December 2016’s freight prices were also ahead of the year-ago level in December, though they did suffer their usual seasonal month-on-month drop-off compared with November 2016. Rates tend to fall off in December following the Christmas rush.
Drewry adds that it expects to see a small seasonal decline in the index in February 2017. 

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