Container Shipping Rates Hits Record Exceeding $20,000

By
Mfame Editor
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916

  • container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box
  • the acceleration in Delta-variant Covid-19 outbreaks in several counties has slowed global container turnaround rates

Container shipping rates between U.S. and China exceed $20,000, hitting a record says an article on CNBC.

Extreme shipping rates

Container shipping rates from China to the United States have scaled fresh highs above  $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.

Factors disrupting shipping

The acceleration in Delta-variant Covid-19 outbreaks in several counties has slowed global container turnaround rates. Typhoons off China’s busy southern coast have also contributed to the crisis gripping the world’s most important method for moving everything from gym equipment and furniture to car parts and electronics.

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Source: CNBC