Declining demand. Production of 20-foot equivalent shipping containers declined in the first quarter of this year by 70 percent compared to the same period last year, maritime research consultancy firm Drewry reported. The drop was attributed to decreasing demand for goods since economies reopened. This came after an initial spike in container orders by shipping […]
Daily Memo: Shipping Industry Slowdown, Mexico Investments
Container ships are piling up, especially at ports in the Asia-Pacific region.
