Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua
Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua

China to address ‘plague’ of soaring shipping rates, insufficient capacity weighing on SMEs

  • Meishan terminal at China’s Ningbo-Zhoushan port reopened on Wednesday following a two-week shutdown after a worker tested positive in mid-August
  • Surging prices and gridlocks have wreaked havoc on the global supply chains, with Beijing set to study targeted measures to help exporters

Topic |   Transport and logistics
Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua
Container costs from Asia to the east coast of the United States this week rose 442 per cent from a year ago to US$20,057 per 40-foot equivalent unit, according to US-based freight-tracking firm Freightos. Photo: Xinhua
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