Feb 15, 2023 06:12 AM

ECONOMY

Empty Containers Pile Up at Global Ports as Trade Slows

By Li Rongqian, Yang Jinxi, Bao Zhiming and Denise Jia

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.

Since the beginning of this year, the weekly Container Availability Index (CAx) for 40-foot containers in Shanghai has remained above 0.6, according to container monitoring platform Container xChange. CAx values above 0.5 mean that more containers entered a port than left it.

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