Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP
Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP

Global container shortage drives spike in shipping rates, but brings windfall for Chinese manufacturers

  • A shortage of containers and unexpected demand for delivery by sea has driven a surge in international freight rates in the second half of the year
  • The shortfall is driving up costs for some Asian businesses, but proving a boon for Chinese container manufacturers who are running close to full capacity

Topic |   China economy
Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP
Limited numbers of containers have been one of the main reasons for a surge in sea freight rates in the second half of the year. Photo: AP
READ FULL ARTICLE