Episode 975: Think Tank: Plunging shipping rates point to normalising global logistics, Europe under pressure

Steep falls in container shipping rates indicate that the pandemic-induced logistics crisis may be drawing to a close, but this now makes Europe more vulnerable to a flood of cheap imports from Asia. -          Asia to Europe container rates collapse by 30% to around $1,500-          Rates fall on other routes too-          Falling demand is taking pressure of the system-          Europe faces flood of cheaper imports from Asia-          US port congestion easing-          Driver shortages affecting Europe and US road sector-          Recent accident puts US railroads on safety drive-          Ukraine war has pushed up chemical tanker rates -          Trade is becoming less global, more regional