Caixin

China shippers face diverging fortunes in global and domestic waters

Ocean freight rates surge with tight capacity, while local market descends into price war

20240815 China port file photo

Container ships at Qingdao port in China's Shandong province. © Reuters

LI RONGQIAN and WANG XINTONG, Caixin
August 17, 2024 13:02 JST

China's shipping industry is navigating starkly different waters.

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