Container

Container rates between US and China climb to record highs

China decided to summon container lines to a meeting in the same week that rates on key routes from China to the US climbed to record highs. Freight to Los Angeles has increased by 185 percent in a year, writes Jefferies.
The port in Los Angeles is one of the biggest in the world, where rates have increased by 185 percent in just a year, Jefferies writes. | Photo: Finn Frandsen/pxff82114.jpg
The port in Los Angeles is one of the biggest in the world, where rates have increased by 185 percent in just a year, Jefferies writes. | Photo: Finn Frandsen/pxff82114.jpg
by KATRINE GRØNVALD RAUN

The price of shipping a container on the key trades from China to the US climbed to record highs last week, as it also emerged that the Chinese Ministry of Transport and Shanghai Shipping Exchange have, for that very reason, summoned the container lines to a meeting.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs