Meltdown in the Container Shipping Market Continues

November 8, 2022

Facing global economic headwinds, the volume of containerized cargo movement continues to plummet, Peter Sand, Chief Analyst, Xeneta, summarizes: “It is clear that the carriers are no longer in charge, the shippers are.”

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Trump announces a 25% tariff on EU automobiles
The US has a glut of natural gas that is not being used by Asia or Europe.
US Treasury warns that even in the form of charity, shippers should not pay tolls for Hormuz.