27-04-2022, 06:35 PM
USA is the largest consumer market in the world. Low demand for trucks in USA implies lower consumption in the USA. This will in turn imply less containers containing consumer goods need to be shipped to USA. This will affect shipping rates that service USA. When that part of shipping rates soften, more supply of shipping vessels will be available for South East Asia market and that will possibly mean lower shipping rates in this region as well.