Economics
Container Crunch Means It Pays More to Sail Empty to Asia
- China-U.S. rates outpace global benchmark by $1,200/container
- Shippers roll over 44% of cargo at Zhoushan as demand spikes
This article is for subscribers only.
Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.
Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia, contributing to freight rates that have soared to record highs.