Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic, reports CGTN.
Rising shipping prizesEast China’s Yiwu, also known as China’s commodity-exporting hub, bore the brunt when container shortages first hit China starting September 2020. And prices soon rose.
The world’s largest straw manufacturer Soton Daily Necessities, located in Yiwu, has been struggling as its stock piles up. Chairman of the...
https://mfame.guru/chinas-shipping-industry-experiences-extreme-shortage-of-containers/