Global sea freight rates witnessed sharp drops in March with some areas down by around 50 percent, an indication of mixed factors, including sluggish global demand driven by the slow recovery from the COVID-19 pandemic, surging US inflation, the Russia-Ukraine conflict and COVID-19 flare-ups in some parts of China. Judging from the falling shipping rates, …
The post Falling shipping rates portend slow growth in China’s foreign trade first appeared on Hellenic Shipping News Worldwide.