Spot container freight indexes are still falling. Cargo shippers are signing annual contracts at sharply lower rates than last year. Import demand continues to be crippled by high inventories. A massive wave of new container ships is now hitting the market in full force.
And yet, the container shipping industry does not appear to be battening down the hatches for a looming storm. It is not behaving like an industry facing an imminent crisis.
The rates paid by liner companies to charter container...
https://www.freightwaves.com/news/mixed-signals-container-shipping-downturn-not-following-the-script