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November 30, 2020
China-Europe container shortage causes freight rates to more than double
The recovery in China's manufacturing activity after the Covid-19 lockdown has surged progressively and after a halt caused by quarantine measure in the European countries, demand for Chinese products in Europe has increased. Thus, a shortage of containers and container ships from China to Europe has pushed up freight rates between the regions. According to freight industry media, freight prices per-container which previously stood at US$1,000, now more than doubled with quotes at US$ 2,200. The recovery in China and then in ...
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