Global demand for container shipping services remains strong, but not by as much as the industry may have expected. U.S. seaborne imports climbed 16.2% year over year in October, though the North Asia to U.S. east coast container shipping rate dropped by $150 per forty-foot equivalent units to $4,500/FEU. Equipment shortages remain endemic as demand remains strong after Golden Week, particularly in India with the president of Adani Ports and Special Economic Zone, Sandeep Mehta stating “exports moving through Indian ports were now back to pre-COVID levels, while imports would be back to ...