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Container shipping costs plunge as consumer spending declines

Financial Times   •
©The Financial Times Limited 2020 https://www.ft.com/content/d739cd47-e434-43c3-9b4e-472bcef4abaf / Feb 14, 2023 / 12:13 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

Global maritime trade has fallen to a shadow of pandemic peak as high inflation and reopenings hit goods purchases

Demand has plunged as inflation surged, triggering a severe cost of living crisis in several economies and leading central banks to attempt to restrict spending with higher interest rates. (Representative image)

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