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Ocean Freight Rates Caught in Coronavirus Slump

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Drewry’s composite World Container (WCI) index continues its downward trajectory since the first week of February due to the outbreak of coronavirus in China and elsewhere in the world. The index decreased 3.5 percent for the week ended March 5 and reached $1,485.59 per 40-foot container or equivalent (FEU). The WCI was up 3.1 percent…

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