Cargo Shipowners Cancel Sailings as Global Trade Flips From Backlogs to Empty Containers
Cargo Shipowners Cancel Sailings as Global Trade Flips From Backlogs to Empty Containers
Source: eurocapital.gr
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Weaker Demand for Chinese Goods Spells End of Shipping Boom
Global demand for Chinese goods is waning instead as consumers cut back spending because of inflation.
Source: wealthmanagement.com
Container spot rates plunge 58% since January
Container spot rates have fallen by 10% for the fourth week running as increasingly looks like the sector could be in for a hard landing.
Source: seatrade-maritime.com
Vessel Shortage Makes Soaring Shipping Costs New Energy Threat
Costs for shipping energy are surging.
Source: rigzone.com
Container spot rates tumble another 9.7% in week
Container spot rates have continued to plunge over the last week with the Shanghai Containerized Freight Index (SCFI) losing another 9.74%.
Source: seatrade-maritime.com