The latest data shows a new problem facing global shipping, that of too many empty containers. This is a complete turnaround from the shortage earlier this year and during the pandemic. It points to slowing global demand as container depots are filling up or full.
While shipping rates are trending downwards as well, experts say it shows a decline in global consumption and not a recovery to normal. The usual pre-Christmas peak season of goods shipments is flatter than usual. Container depots are full with little space to receive more empty ones. Blank sailings are also on the decrease.