Shipping rates continue to surge in run-up to Christmas amid rising overseas demand, lack of containers, shipping space
Shipping rates continue to surge in run-up to Christmas amid rising overseas demand, lack of containers, shipping space

Shipping rates continue to surge in run-up to Christmas amid rising overseas demand, lack of containers, shipping space

 

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Global demand for consumer goods continue to pick up in the run-up to Christmas holiday, but this is proving less than a bonanza for Chinese exporters who are hit by surging shipping rates and difficulty in booking shipping space due to a lack of containers.

Overseas demand for bicycles, home appliances, laptops, mobile phones, fitness equipment and other must-have products in the stay-at-home economy era remains robust before Christmas amid the coronavirus pandemic, industry insiders said.

Shipping rates have surged over the past months due to an acute shortage of containers . . .

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