FREIGHT rates for Chinese container exports have soared recently, driven by robust overseas demand and the escalating crisis in the Red Sea, reports Caixin. The Shanghai Containerized Freight Index, reflecting changes in spot freight rates from Shanghai, reached 2,305.79, up nearly 19 per cent since the end of April, the highest since September 2022. Shipping costs to Europe and South America have significantly increased, with rates up around 25 per cent to Europe and 22 per cent to South...
https://www.seanews.com.tr/chinese-shipping-costs-spike-on-red-sea-crisis-robust-demand/200409/