China: Premium spot market rates depressed shippingherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shippingherald.com Daily Mail and Mail on Sunday newspapers.
Premium spot bookings out of Chinese baseports remained under pressure during the week to May 13 amid tenuous demand for Chinese export cargoes. As Shanghai concludes another week of coronavirus lockdowns, production capacity and resultant export volumes continued to slide keeping rates under pressure despite a spike in blanked sailings as ocean liners .
All-inclusive container rates into North America were largely unchanged during the week ended April 29 amid slow booking activity and more easily accessible FAK rate space. This comes as lockdowns in and around Shanghai persisted through their fourth week, and containerized exports from the globe’s largest production hub continued to be muted. “Space is open .
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 .