The Panama Canal’s limits on vessel drafts and transits have yet to make big impact on container shipping, but at least one forwarder is warning shippers not to be complacent.
The current freight downturn could continue until mid-2024, thanks to lower manufacturing output, high levels of employment and excess capacity, experts told the Journal of Commerce Thursday.
The rapid normalization of container shipping markets claimed its first victims as tumbling rate levels dragged Yang Ming and compatriot carrier Wan Hai into the red in the second quarter.
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