Shipping rates from China to SE Asia surge amid economy reopening, shipping capacity shortage

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

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 . . .

 

 

SIGN IN  OR SUBSCRIBE TO GET UNLIMITED ACCESS. 

Top