As for the sea freight, export orders were worse than anticipated

As for the sea freight, export orders were worse than anticipated. Supply of containers was excessive. The sea freight kept falling. Reflected by some traders, the freight to Bangladesh/Chittagong was at US$5,500-5,700/40HQ, down by US$2,000-2,500 compared with the beginning of 2022. The freight to Indonesia/Jakarta was near US$2,200-2,400/40HQ, down US$1,500-1,800 over the level at the beginning of 2022 and that to Pakistan/Karachi was around US$4,600/40HQ, down by US$2,000-3,000 over early-2022. Exports may remain not good in short run. The freight is estimated to drop slowly recently as it has plunged before