The container market has improved considerably, but it may have climaxed for the time being, according to an analyst.

The Freightos Baltic Index rose 15.8% from 3 July to 1,528 points on Monday — gaining more than 150 points on 1 August — before dropping 4.4% on Tuesday to 1,461 points.

The average freight rate for the benchmark China-to- US West Coast route leapt 62.9%