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China exporters under pressure from soaring US shipping costs ahead of Christmas as demand outweighs supply

Concerns about the escalating US-China trade conflict and the reductions in available routes earlier in the year due to the coronavirus outbreak have sharply increased the cost of shipping by sea for Chinese exporters, who have been front-loading the export of their goods to the United States in recent months.The cost of sending goods by sea from Shanghai to the west coast of the US, including the Port of Los Angeles, more than doubled to US$3,639 for every 40-foot container (FEU) between May…

Read the original article at South China Morning Post

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