ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more