⚓️ The spot price per container on the China-U.S. East coast route – one of the world's busiest container lanes – has climbed over 500% from a year ago to $20,804 this week, freight-tracking firm Freightos said. That compares to just under $11,000 on July 27. ~ rtrs pic.twitter.com/MIqJc3F7eI
— PiQ (@PriapusIQ) August 5, 2021
Freight at centre of storm facing global economy
On Thursday, benchmark container price for the China to US route broke $20,000. “We’ve never seen rates this high, especially on the spot market,” says Shanella Rajanayagam, a trade economist at HSBC. https://t.co/GqrhIVTYEZ— Gerald Howe (@HoweGerald) August 8, 2021
25% of the 3rd largest port is shut in China on Covid-19. Do you think supply shocks are gone or a non-issue if the manufacturing center of the world caught Covid? pic.twitter.com/Nk76Bm2PNb
— Trinh (@Trinhnomics) August 12, 2021
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