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Shipping stocks will fall as US consumers and China lose weight

Container shipping prices are starting to fall. This could just be the beginning of their descent.

A steady decline in the World Container Index, compiled by London-based Drewry Shipping Consultants, is the latest indication that Americans – and developed market consumers in general – may be starting to spend less on goods as fiscal stimulus eases slowing and inflation at four-decade highs is eating away at wage increases, reopening economies are shifting back to services and the Fed is embarking on aggressive rate hikes. Another factor could be the lockdown in Shanghai, which appears to be disrupting the flow of goods from China – meaning fewer container ships are needed.

https://www.wsj.com/articles/shipping-stocks-will-sink-as-u-s-consumers-china-lose-ballast-11650026359?mod=rss_markets_main Shipping stocks will fall as US consumers and China lose weight

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