SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.
An unprecedented level of caution among importers likely to cause further declines in import volumes.
Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
Los volúmenes de contenedores entrantes a Estados Unidos están volviendo a los niveles anteriores a la pandemia
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