SE Asia container shortages sees rates out of Shenzhen double

Wan Hai Lines is doubling freight rates on all containers that the Taiwanese carrier ships from China’s Shenzhen port to Southeast Asia, amid an intensifying shortage of boxes.

Transpacific rates began rising in Q2 2020 and hit a 10-year high in September, but due to lower backhaul volumes, empty containers were slow to return to the ports of origin. Over time, this has caused an acute shortage of containers in Asia, and liner operators have capitalised on the situation by allocating available...

https://container-news.com/se-asia-container-shortages-sees-rates-out-of-shenzhen-double/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon