Container carriers' utilization rate is strongly declining

There are fewer filled-up container vessels in the global fleet, writes Sea-Intelligence. The decreasing utilization rate is coinciding with a collapse in spot rates on one of the main routes.

by DANIEL LOGAN

The falling spot rates are now pulling down the utilization of the global container fleet – a development that is expected to continue in the coming months.

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Container rates on the Pacific have "collapsed" from record level earlier in 2022
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Demand for shipping in China is plummeting
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