Orient Overseas has provided a first look at the 4Q operational performance of the container shipping sector. The COSCO-owned liner reported a 4.8% year over year rise in volumes handled globally despite a 1.1% contraction in Trans-Pacific shipping. Notably achieved shipping rates fell by just 2.4% versus the 18.1% slide for the industry overall as shown by S&P Global Platts data. Container shipping rates globally have improved in January, though that’s in part down to higher fuel prices. Orient Overseas has outperformed the industry more broadly on U.S.-inbound routes. Panjiva’s data sh...