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

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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