Shipping Stocks Will Sink as U.S. Consumers, China Lose Ballast

Container shipping rates have started sinking. This might only be the beginning of their descent.

A steady fall in the World Container Index compiled by London-based Drewry Shipping Consultants is the latest hint that Americans—and developed world consumers more generally—might be starting to spend less on goods as fiscal stimulus drains away, inflation at a four decade high eats into wage gains, reopening economies shift back toward services and the Fed initiates…

>>>read full article here<<<