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Container rates tumble but…

Deepsea containerised cargo volumes fell a further 2.5% during the final quarter of 2022 during what is traditionally the peak season, said the Global Shippers Forum and consultants MDS Transmodal in their latest Container Shipping Market Review. GSF secretary general James Hookham said that volumes have fallen steadily in the early weeks of 2023 and world trade continues to stumble as economies grapple with persistent inflation and high energy prices, suppressing ... [+]

Container shipping poses threat to global recovery, says GSF

The shortage of container vessels and equipment is hindering economic recovery in countries emerging from pandemic restrictions, say the Global Shippers Forum (GSF)and MDS Transmodal in their latest Container Shipping Market Quarterly. GSF secretary general , James Hookham, said that shippers around the world “are in a state of shock” at ... [+]

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