News / More blank sailings as spot rates tumble and China's lockdowns take their toll

There is a distinct feeling of déjà vu about the current lockdowns in China, with spot rates declining as carriers scramble for export cargo from shuttered manufacturing.

But rates could spike again when the flood gates reopen for the delayed orders.

“It’s almost like a traffic jam,” said Container xChange CEO and cofounder Christian Roeloffs.

“Some people have now stepped on the brakes really heavily and this will lead to a significant build up in demand for freight services, which will be unleashed once ...