News Snapshot:
~ Average container prices continue to decline in China ~ ~ Decline in consumer demand for goods not expected to impact change in container prices and rates in the coming times ~ For the first time this year in May, the average container prices globally have soared month on month at an average of 5.4% (from $2207 to $2330) for the 20 ft DC and by 15% (from $3800 to $4410) for 40 ft HC. However, the average container prices and the leasing rates continue to decline in China even as the country reopens after massive two months of lockdowns....
