8 days ago • Posted by William Ramstein

We could be in the midst of a container shipping rate reversal

The data seems to be indicating somewhat of a stall in shipping rate prices, especially linked to a China port de-congestion. Trans-pacific shipping rates retreated--the reduction in congestion off Shanghai and Ningbo over the past 18 days implies that more ships have been loaded and more cargo is moving toward its final destination, including U.S. ports where there, the congestion issues continue to persist.