November 14, 2022 – Spot container freight rates on the largest deepsea trades rebounded this week, despite continuing weak demand, suggesting recent capacity cuts have begun to reverse months of pricing decline. Ocean rates out of Asia were stable overall again this week – though Asia to U.S. and Canada west coast prices ticked up and are now level with prices in early October – suggesting the sharp drop-off that began this summer may be levelling out, as capacity is removed to meet falling demand.