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Shipping rates continue to surge in the new year as container shortage persists, demand builds up

Last updated on January 14, 2021

Container shipping cost increased sharply in 2020 due to sustained overseas demand and a shortage of container. The trend is extending into the new year.

At the end of last year, rates on the busiest routes from China to the west and east coasts of the United States stood 208 per cent and 110 per cent higher than in 2019, according to the . . .

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