Shipping giants warn global trade is slipping
Comprehensive foreign media news on November 11, 2022, in 2021, the skyrocketing sea freight rates will make the world’s major shipping companies a lot of money, but now, such a good day seems to be over. At present, the transportation demand is weak, and the market freight rate of most ocean routes continues to decrease.
In 2021, global ports will be congested, and it will be difficult to find a container. In 2022, however, manufacturers have built up inventories and reduced demand for containers. In addition, inflation has kept market demand lower than expected.
Maersk has warned that a looming global recession will weigh on future ocean orders. In addition, global container demand will decline by 2-4% this year, and container demand may also contract in 2023.