US-bound container shipments from Asia plunge | Forexlive

Via the Nikkei in Japan, an update on shipping volumes and freight. Lower for both!

• Container ships brought a volume of goods totaling 1.31 million twenty-foot equivalent units (TEU) from Asia to the U.S. in December, down 23% from a year earlier, U.S. logistics researcher Descartes Datamyne reports. This marked the third straight month that the figure fell by about 20%.
• shipping rates are sinking to three-year lows
• Inflation has eroded consumer purchasing power, softening demand for household goods and slowing ocean shipping, said an official at a container ship company
• retailers no longer stocking up inventories like they did during the height of the pandemic

More at that link above, may be gated.

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Each month I update on a data point from New Zealand that also includes a look at global shipping. Its been indicating this for many, many months too. Most recently (earlier this week):