After raking in hundreds of billions in profit during COVID, shipping companies now face market 'in a tailspin'

Evidence mounts showing that the sky-high container shipping rates era is coming to an end.

Seafood exporters have suffered from port congestion fallout, high shipping costs and a battle for storage space.
Seafood exporters have suffered from port congestion fallout, high shipping costs and a battle for storage space.Photo: Rachel Sapin
Published 6 October 2022, 12:01Updated 7 October 2022, 19:00