China’s Container Production Cuts Amid Shipping Industry Slump

Containers and cargo vessels at the Qingdao port in Shandong province, China, on May 9, 2022. China Daily via Reuters

Container production is waning in China, where empty containers collect in ports amid weakening exports. All these are indicators that China’s shipping industry is in a state of decline.

Data shows that the global production of new containers in the first quarter of 2023 has fallen to the lowest since 2010.