• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home News

Worldwide Container Rates Plummet To A Significant Extent

24th February 2023
in News, Shipping & Port

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

0
SHARES
50
VIEWS
Share on FacebookShare on Twitter

The present situation of the worldwide shipping industry remains complex as container rates are going through a significant decline, with contract rates inching towards spot rates. The trend happens to be pretty evident across different regions, such as Southeast Asia and China. In spite of a decline in container rates, there is consistency in terms of weak demand because of global inflation and also restricted demand, which has further led to a prominent drop when it comes to freight prices.

The long-term outlook when we talk about the shipping sector looks to be uncertain, as the slow market pickup in China and lower North European consumer demand are suggestive of a continuous struggle for the shipping industry.

When we talk of major ports in Asia like Singapore, Shanghai, and Ningbo, the container prices have declined steeply over the past year, which further suggests that the present scenario may continue to exist for some time.

Besides this, the plummeting exports to the US as well as the EU last year teamed with the surge in Russian trade may have very well resulted in a shift in patterns and also trade routes. Though there was a trade surplus which was witnessed in China last year, it was largely because of strong growth in exports in quarter 1, which gradually declined as the year went by.

It is well to be noted that the slow pace of outbound container volumes as well as exports is anticipated to continue through the first quarter of this year too. According to one of the co-founders of a leading online platform for container logistics, these trends in containers happen to be an important yardstick when it comes to worldwide trade and economic progress, and the fact is that the current market trends appear to be pretty bleak.

Apparently, container and leasing rates are lowering with the worldwide shipping sector seeing a freefall in container costs. The blank sailings have not been able to keep the sliding prices in check, and the mid-term industry outlook is indicative of a slowdown in container trade from Asia to America and Asia to the EU path.

That said, the contract rates happen to be closer to spot rates, pointing to a lack of demand for long-term associations, which can be linked to market uncertainty.

The intra-Asian trade is showing resilience of a sort with comparatively better container demand. Nevertheless, the mid-term outlook does not show the demand rising to the high levels that were witnessed in 2020 and 2021, except for the fact that there could be a possible inventory replenishment cycle, which may to some extent bring out container demand.

The plummeting rates as well as increased container availability in certain regions of the world suggest weak demand, leading to slower economic growth.

In totality, the worldwide shipping industry is in a precarious situation because of a freefall in container rates, weak demand, and a shift in trade routes. Although a rebound is expected in the shipping sector, the present outlook is indeed uncertain.

Previous Post

Ticketing and mobility experts from across the world all gathering in London for 14th annual Transport Ticketing Global

Next Post

Angoka acquires leading ground and air transport security specialist R4DARTech Ltd

Related Posts

Autonomous Ships Revolutionising
Articles

Autonomous Ships: Revolutionising Maritime Transport & Trade

10th July 2025
Pacific Coast Intermodal
News

Pacific Coast Intermodal Port Gets $100mn Construction Fund

9th July 2025
E400 Million Planned for German Ports and Shipping
News

€400 Million Planned for German Ports and Shipping

9th July 2025
Iraq Railway Project
News

Iraq Railway Project Gets $930M Boost for Trade, Jobs

4th July 2025
China Airlines Airbus Deal
Airways

China Airlines & Airbus Deal Boosts Asia-Pacific Expansion

4th July 2025
Dubai Tests Joby Aerial
News

Dubai Tests Joby Aerial Taxi in Urban Mobility Milestone

4th July 2025
Next Post
DP World Acquires Topaz in USD 1.1 Bn Deal

Angoka acquires leading ground and air transport security specialist R4DARTech Ltd

Latest Post

Hydrogen Planes The Future
Airways

Hydrogen Planes: The Future of Zero-Emission Aviation

10th July 2025
China Airlines Airbus Deal
Airways

China Airlines & Airbus Deal Boosts Asia-Pacific Expansion

4th July 2025
Transforming Air Travel
Airways

Transforming Air Travel: Passenger Terminal of 2030 Vision

26th June 2025
Designing the Future
Airways

Designing the Future Terminal for Smart Operations

26th June 2025
Cybersecurity in Terminal
Airways

Cybersecurity in Terminal Environments: A Rising Priority

25th June 2025
Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.