Freight from Shanghai to Rotterdam is the lowest since October 2019

[freight rates from Shanghai to Rotterdam are the lowest since October 2019] according to the Drewry World Container Index, the weighted average freight of 40-foot containers on major transoceanic trade routes fell 5.3 percent from $1681 to $1592 in the week ended June 15. This is the lowest weighted average cost since May 2020. Fees from Shanghai to Rotterdam were the lowest since October 2019 and the biggest drop since December.