Soaring shipping costs pressure Chinese exporters as demand outweighs supply

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Shipping cost for Chinese exporters has been soaring as concerns about the escalating US-China trade conflict and the reductions in available routes earlier in the year amid the coronavirus outbreak.

The cost of shipping goods by sea from Shanghai to the west coast of the US, including the Port of Los Angeles, more than doubled to $3,639 for every 40-foot container (FEU) between May to August, the highest level since 2009, according to the Shanghai Shipping Exchange.

Rates from Shanghai to the east coast of the US, including the Port of New . . .

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