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Shipping rates from China to Southeast Asia have have been surging since November amid a pick-up in imports from China after the region lifted Covid-19 lockdown measures, a shortage in shipping capacity and port congestions, adding fuel to an already overheated global shipping market.
As of Monday, shipping rates from China to SE Asia had climbed to nearly $4,000 per 20-foot container, about ten times the average level in previous years . . .
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