Sea shipping rates reached a new low last week, according to Drewery’s World Container Index, which saw a 2 per cent decrease to 1,342 US dollars per 40ft container. The rate was 57 per cent lower than the same week last year. Overall, in 2023, sea shipping rates have decreased by 60 per cent, increasing competition with intercontinental rail significantly. The situation could intensify even more in the coming years.