Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing ship capacity and causing spot ocean rates to sink? Is this the beginning of “the big unwind”?
Or does waning West Coast port congestion stem from temporarily lower exports out of China due to COVID lockdowns, combined with a congestion shift toward East Coast ports? Is the economy still strong and the ocean freight market still fundamentally firm, with the port crunch to worsen in the second half,...
https://www.freightwaves.com/news/container-shipping-at-the-crossroads-the-big-unwind-or-party-on