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(Bloomberg) — For a sign of how much global trade has slowed, look no further than idled container ships unused vessel capacity is near the highest level since a spike after the start of the pandemic. But where those idled ships are clustered gives insight into the industry’s bets for a rebound: a large number are positioned near China, waiting for a renewed flow of exports as the world’s second-largest economy recovers from Covid Zero restrictions. “It makes sense to be close to the main export centers, to be in a ready-to-go position,” said Simon Heaney, senior manager of container.

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