As the cost of living crisis affects consumer purchasing and the impact of the pandemic-related supply chain disruption lessens, the cost of shipping goods on important global commerce routes has decreased by 85% from its peak, as reported by FT.
Decline in demandsThis month it cost $1,444 to ship a standard 40ft steel container from eastern China to the US west coast at short notice, according to shipping data specialist Xeneta, down from a peak of $9,682 in March...
https://mfame.guru/why-are-container-shipping-prices-plummeting/