Fashion
Drewry WCI jumps 16% on Transpacific & Asia-Europe rate hikes
The index recorded a sharp increase, mainly due to rate hikes on the Transpacific and Asia–Europe trade routes.
Drewry’s World Container Index jumped 16 per cent to $2,257 per FEU in the week ending January 8, 2026, driven by sharp rate hikes on Transpacific and Asia–Europe routes.
Spot rates rose strongly from Shanghai to Europe and the US amid higher FAK charges.
However, rising capacity and soft Asia–US volumes suggest the surge may be short-lived.
Spot rates on the Shanghai–Genoa route increased 13 per cent to $3,885 per 40-foot container, while those on Shanghai–Rotterdam rose 10 per cent to $2,840 per 40-foot container. This upward momentum was driven by higher Freight All Kinds (FAK) rates implemented by carriers.
Spot rates from Shanghai to Los Angeles surged 26 per cent to $3,132 per 40-foot container, while rates from Shanghai to New York climbed 20 per cent to $3,957 per 40-foot container.
Rates from New York to Rotterdam remained steady at $966 per FEU, while Rotterdam to New York increased 2 per cent to $1,685 per FEU. Freight rates on the Rotterdam–Shanghai route rose 3 per cent to $504, while Los Angeles–Shanghai rates increased 1 per cent to $721 per 40-foot container.
Container shipping capacity rose 7–10 per cent month on month on both Asia–North American routes and 5–7 per cent on Asia–North Europe/Mediterranean routes in January. However, anecdotal evidence points to soft volumes from Asia to the US, suggesting these sharp increases appear opportunistic and are unlikely to be sustained.
Fibre2Fashion News Desk (KUL)
Published
January 11, 2026
Actress Millie Bobby Brown has launched Mills by Millie Bobby Brown, a new fashion brand for teens and young women created exclusively for Walmart in collaboration with Delta Galil USA.
Serving as founder and creative guide, Bobby Brown drew inspiration from her own early experiences with fashion, positioning the brand as exciting, attainable, and inclusive.
“Mills is all about embracing those earlier moments of fashion exploration. I want everyone to feel comfortable and free to find what style makes them feel like the best version of themselves,” said Bobby Brown.
“This collection is made for the fashion curious girl to play in, experiment with, and make their own with a fun selection of colorways, graphics and special details. It was very important to me for this brand to be accessible to millions through our collaboration with Walmart!”
The debut collection spans ready-to-wear, sleepwear and intimates, featuring flirty cuts and playful, cheeky details. Feminine touches such as floral appliqués, embroidery and lace finishes are woven throughout the assortment, while practical design elements, including built-in shorts and bras, prioritize comfort and ease.
The assortment includes dresses, skirts, tops, denim, sleepwear, bralettes, briefs and coordinated intimates sets. Pricing is positioned to be highly accessible, starting at $10.50 for intimates and reaching $26.50 for wide-leg jeans.
“Walmart is on a journey to democratize fashion and Mills by Millie Bobby Brown delivers on the trend-right style and aesthetic our customers are looking for at the incredible prices that Walmart is known for,” said Ryan Waymire, senior vice president fashion, Walmart U.S.
“Mills by Millie Bobby Brown is an exciting new brand that stands for style and quality and offers tremendous value that only Walmart can. We are excited for the launch, and we know that our customers are going to love it.”
Mills by Millie Bobby Brown is Bobby Brown’s latest brand expansion following the success of Florence by Mills Beauty, Florence by Mills Coffee, Florence by Mills Pets and Florence by Mills Fashion.
It is available now on Walmart.com and in approximately 750 Walmart stores nationwide. The partnership was facilitated by Bobby Brown’s licensing agency, IMG Licensing.
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Cotton yarn prices increased by ****;*–* per kg in most of varieties and counts as demand improved in the last couple of days. A trader from Tiruppur market told Fibre*Fashion, “Cotton yarn demand improved as rising prices of cotton encouraged buying. More buyers are interested in building up stock as they expect prices to rise in the near future.” Traders showed brave face against proposed US tariff bill. They said that Indian businesses and industries need to learn floating without America. However, textile and apparel industry may see severe impact if higher tariffs materialise.
In Tiruppur, knitting cotton yarn prices were noted as: ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
The operation was carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels and a maturity period of three months, according to a state-controlled news outlet.
As 1.1-trillion yuan of three-month outright reverse repos are set to mature in January, the latest move represents a rollover of the same amount.
The People’s Bank of China conducted a 1.1-trillion-yuan (~$157 billion) outright reverse repo operation yesterday to maintain sufficient liquidity in the banking system.
The operation was carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple price levels and a maturity period of three months.
Outright reverse repo operations were introduced in October 2024 to manage liquidity in the national banking system and are carried out each month with a tenor of no more than a year.
Fibre2Fashion News Desk (DS)
Millie Bobby Brown launches teen fashion brand with Walmart
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