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 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
