There was good and bad news for container-lines from last week’s SSE China-outbound rates. The good was that rates climbed at their fastest pace (1.3%) since the fall downturn started on July 20. The bad-news is that south-east Asia routes fell 1.1%, likely reflecting slowing economic growth across the region. Additionally the Shanghai specific index, which admittedly is 3x as volatile as the national average, dropped 6%. That would suggest technical oversupply to go with the risk of a broader slowdown.