"The eastbound trans-Pacific trade in the next few months will face a “hard landing” marked by declining freight volumes and spot rates, with a recovery occurring by peak season 2023 at the earliest, according to Lars Jensen, CEO of consultancy Vespucci Maritime and a JOC analyst. In a more pessimistic scenario, that recovery may not take place until Lunar New Year 2024." See the original story at JOC.
Source: JOC