The average price of a 40-foot standard high cube container has tumbled in the United States, Europe and China since last summer. Photo: Bloomberg
China shipping: sea freight rates ease as container crisis gives way to oversupply
- Freight rates have come down by an average of 20 per cent since the beginning of 2022, data shows
- Data indicates an excess of 6 million 20-foot equivalent units of capacity in the global container fleet
The average price of a 40-foot standard high cube container has tumbled in the United States, Europe and China since last summer. Photo: Bloomberg
