Shipping activity between China and Europe is plunging, leading rates to fall 35%, and one key...

|By:, SA News Editor

Shipping activity between China and Europe is plunging, leading rates to fall 35%, and one key index of Chinese containerized freight traffic to drop 12% YTD. Container shippers are responding by rapidly slashing capacity, while a Chinese transportation vice minister feels compelled to warn against "protectionism or unilateral action."  (FRO crash)