'More pronounced' demand slump drives container spot freight rate declines
Container spot freight rates on most of the main shipping trades saw another week of ...
As Shanghai enters the second week of an indefinite lockdown, ocean carriers are increasingly omitting calls at terminals and preparing to announce more blank sailings.
And, depending on how long the lockdown lasts, the lines may need to look at idling ships for a while.
However, the full impact of China’s ‘dynamic zero-Covid’ strategy will not be felt by western consumers for a month or longer, as the current supply chain congestion in North Europe and the US unwinds.
“The recent spike in ...
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