Global shipping costs "fall off a cliff"?

The reason behind the decline in ocean freight rates is the decline in demand for international trade. The decline in ocean freight rates is due to the weakening of the international market, not because of the decline in ocean freight rates.

According to the analysis of Chinese economists, European and American countries have caused inflation due to international reasons this year, and the energy crisis and food crisis are plaguing these countries, and even this winter, there will be problems caused by lack of energy. Therefore, the purchasing power of European and American countries has steadily declined, and the demand for many imported goods has also been greatly reduced. However, these countries are also planning to save expenses, and they do not intend to make big discounts, and they are even less willing to spend as much as before.

The global shipping market has experienced a sharp contraction, so the shipping cost has also plummeted due to the sharp decrease in the number of entrusted goods.

Now there is a shortage of shipping orders all over the world. Many countries don't even have anything to transport. At least three percent of containers will stop waiting. The decrease in the number of foreign trade directly affects the situation of shipping.

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