Shipping costs continue to surge amid rising overseas orders, recent Suez Canal blockage

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Chinese exporters are facing rising shipping costs amid a shortage of containers which was worsened by the recent Suez Canal blockage.

"Shipping costs of a 40-foot-container from Tianjin to the United Kingdom soared from $3,000 to $14,000 during the few weeks before Chinese New Year, and the company ended up paying $10,000 per unit for shipping the bikes they purchased," said Li Qing, president of Easy-try Cycles.

"The FOB(free on board) contract we signed did protect us from paying the escalating logistics costs, but we were equally hurt . . .

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