Shipping container rates from China jump to 2-year high

  • The Shanghai Containerized Freight Index jumped 12.6 per cent last week to 3,044.77, breaking the 3,000-level for the first time since August 2022

  • The cost of shipping a 20-foot container from Shanghai to Europe is over US$7,000, an increase of about US$1,000 from a month ago, shipping executive says

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