China port congestion falls sharply, trans-Pacific shipping rates retreat

container shipping

Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers.

The case for calling the top: Chinese container port congestion has dramatically declined over recent weeks, Chinese factories are being plagued by power outages that constrain export capacity, and U.S. consumer sentiment is faltering.

The counterargument: U.S. port congestion remains historically high,...

https://www.freightwaves.com/news/china-port-congestion-falls-sharply-trans-pacific-rates-retreat

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