Ever Glory in Felixstowe Photo 253973558 Evergreen Marine © Peter Moulton Dreamstime.com
© Peter Moulton

China’s abolition of its zero-Covid policy will stimulate factory output, leading to a recovery in container shipping this year, believes Evergreen GM Eric Hsieh.

According to Mr Hsieh, freight rate erosion has already begun to slow on many trades and, in some cases, there has been a freight rate bounce.

Mr Hsieh said: “We expect freight rates to be lower than in the past two years, but the rate of the fall will slow.”

The easing of lockdowns in China has seen a rebound ...

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