Surging prices for containers and congestion at ports around the world has driven shipping rates sky-high over the past year. Photo: Reuters
Surging prices for containers and congestion at ports around the world has driven shipping rates sky-high over the past year. Photo: Reuters

China-US shipping rates begin to cool as power crisis forces production cuts, but freight costs still elevated

  • The spot rate for shipping a 40-foot container from China to Los Angeles has dropped about 51 per cent from US$17,500 last month to US$8,500
  • Shipping costs between Asia and the US also dropped 16 per cent last week, marking the first significant dip since August, according to Freightos

Topic |   Transport and logistics
Surging prices for containers and congestion at ports around the world has driven shipping rates sky-high over the past year. Photo: Reuters
Surging prices for containers and congestion at ports around the world has driven shipping rates sky-high over the past year. Photo: Reuters
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