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Caixin

Cost of shipping between China and U.S. plunges

Looming off-season and power crunch have forced prices down after record highs

Yangshan Deep Water Port in Shanghai. Shipping costs from China to the U.S. skyrocketed after the start of the pandemic and have now moderated but remain high.   © Reuters
JIA TIANQIONG and ZHANG YUKUN, Caixin | China

The cost of shipping between China and the U.S. plunged this week after hitting record highs in early September as the off-season approaches, a power crunch slows Chinese manufacturing and speculators rush to sell their hoarded shipping spots.

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