Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Datawatch Shipping rates from China spike ahead of US holiday season COVID creates logistics scarcity that empties North American and Europen stores A container terminal in Fukuoka, Japan. Due to the pandemic, there are fewer container ships crisscrossing the seas, which has led to a surge in shipping prices.
KAZUHIRO KIDA and NORIKO UCHIYAMA, Nikkei staff writers October 11, 2020 06:01 JST | China
TOKYO/NEW YORK/HONG KONG -- The coronavirus pandemic has triggered a spike in international shipping rates that risks impacting Christmas sales and the global economy.
The capacity to move cargo from China to the U.S. has decreased due to a decline in the number of container ships making runs. As a result, shipping rates are surging.
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