Global container production has dropped sharply

With the sharp drop in cargo demand after the relaxation of epidemic restrictions, the global container production has dropped sharply.

This week, according to data provided to the Financial Times by Drewry, a maritime research consultancy, production of 20-foot equivalent units of containers-the standard size of containers in the industry-fell 71 percent from the first quarter of last year to the first quarter of this year, from 1.06 million to 306,000.