Technology, Industrials, Consumer Staples May 27, 2022 02:44 PM (GMT+8) · EqualOcean
At today's shareholders' meeting, chenshuai, deputy general manager of COSCO sea control, said that with the recent gradual control of the epidemic in Shanghai and the promotion of the resumption of work and production of key industries and enterprises, the cargo volume at Shanghai port has recovered significantly compared with previous weeks. It is expected that after the unsealing, the original backlog will recover quickly. In terms of freight rates, the overall market supply-demand relationship is stable, the loading rate remains at a high level, and the market freight rates are still strong. As the epidemic situation is under control, the new annual contract of superimposed trans Pacific routes for domestic exports is opened, and it is expected that the subsequent freight rates will gradually rise.
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