Container shipping market yet to bottom as spot rates keep slipping | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Container freight market participants are looking with unease toward peak import season and beyond as booking inquiries for US imports remain under pressure amid rising inflation and weak economic outlook. Trans-Pacific volumes and booking inquiries have edged down further in the final weeks of the second quarter as shipowners report lower vessel utilization out of .
All-inclusive container rates into North America were rangebound at depressed levels during the week ended April 22 amid weak demand for cargoes out of Asia. As many North Asian cities and production regions remain under lockdown, US cargo owner sources indicated that Asian exports were increasingly difficult to book, compounded by a raft of port .