Freight rates are falling.
More capacity is returning.
Golden Week has passed.
The market should be resetting faster.
But it is not resetting together.
One major trade is still near recent highs.
Another has fallen much further.
Same global fleet.
Very different prices.
So what is really holding rates up?
Here are 5️⃣ signals behind it:
1️⃣ The Global Index Is Moving Lower
Drewry’s WCI fell 2% last week.
It reached $4,351 per FEU.
Rates eased across the main East-West trades.
But the decline remained gradual.
💡 Rates are easing, not collapsing.