Optimistic

Evergreen's GM says China's abolition of Covid controls will stimulate factory output, initiating a recovery in output boosting shipping.

And Russia’s invasion of Ukraine remains another factor, said Mr Hsieh, who added: “As soon as the conflict is over, the global economy will rebound. “Cargo volumes have picked up and our fleet utilisation is much better than in November. Mr Hsieh said: “We expect freight rates to be lower than in the past two years, but the rate of the fall will slow.”