Plunging rates for chartering container vessels that carry everything from sneakers to...

|By:, SA News Editor

Plunging rates for chartering container vessels that carry everything from sneakers to flat-screen TVs may signal a U.S. consumer slowdown and losses for shipping lines in what is traditionally their busiest time of the year. Fees for hiring vessels have fallen 9.3% since the end of April; last year, they surged 56% in the period.