Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Cost of shipping via sea routes continue to collapse

Global IndexesSep 21, 2022
Cost of shipping via sea routes continue to collapse

Drewry’s composite World Container Index decreased by 8% to USD 4,941.91 per 40ft container week ending 15th Sep. The Shanghai-U.S. West Coast corridor has seen the most significant adjustment. Global index down 44% over past 6 months but still 3.4 times pre-COVID average.

Despite the declines seen across multiple container indices in recent months, most analysts are forecasting liner shipping will rake in record profits for the full year thanks to earlier secured long-term rates.

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