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https://www.wsj.com/articles/idled-ships-empty-containers-ocean-shipping-faces-its-biggest-slump-in-years-6f8dfcc4 Sea Freight Export

Idled Ships, Empty Containers. Ocean Shipping Faces Its Biggest Slump in Years. - WSJ

LONG BEACH, Calif.—Global shipping executives are wrestling with plunging exports, falling freight rates and mounting suspense over whether the industry is headed for a price war in a reversal of the soaring demand the industry saw during the pandemic.

Traffic from China’s ports has slowed significantly, empty containers are stacked six high and trucks with no cargo dot the highway leading to the major terminals. The world’s largest box-ship operator plans to return dozens of chartered vessels to their owners.

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Air Cargo Charges Per Kg This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.