Major US and European economies' higher-than-expected consumer price index (CPI) in January exacerbated fears of inflation and interest rate hikes.

Along with the war between Russia and Ukraine and the continued high inventories, many freight forwarders and corporations predicted that the container shipping market will not rebound until the second half of this year.

Chih-Chien Hsieh, former managing director of Evergreen and Yang Ming Marine Transport, revealed that many of China's factories are beginning to buy more machinery for generating money.

Yi-Cai Yen, director of T3EX Global Holdings, predicted that shipments will gradually increase in the second quarter soon after China's eased blockade.

6 Mar 2023 16:50 reported by Lena Yang