China's April PMI New Export Order came out as 47.6 on 30 April, suggesting
Chinese export order experienced sequential contraction in April comparing to
that of March. Reading through to the volume, the China PMI export orders
suggests container volume may experience sequential softening in May or even
June relative to the previous months. Though, it is important to read this data
bearing in mind that China could be losing export market share to the ASEAN
exporters (read here
[https://www.liner