Caixin
Feb 15, 2023 06:12 AM
ECONOMY

Empty Containers Pile Up at Global Ports as Trade Slows

Containers at Shanghai port on Jan. 8, 2023.
Containers at Shanghai port on Jan. 8, 2023.

Empty containers are piling up at major global ports as slowing economies weigh on global shipping demand.

In the week of Feb. 5–11, the CAx (Container Availability Index) rose to 0.64, according to container monitoring platform Container xChange. It was the 11th consecutive week the index was above 0.6. CAx values above 0.5 mean that more containers entered a port than left it.

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