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Shipping Container Shortages In China Crimp Exports To West — Tyler Durden

Summary:
Just how high can Asia-U.S. East Coast spot rates go? Well, the cost of chartering a 40-foot container from China to the US East Coast soared to nearly k this week, up 85% since June 1, according to Freightos data in Refinitiv Eikon....Zero HedgeShipping Container Shortages In China Crimp Exports To WestTyler Durden

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Just how high can Asia-U.S. East Coast spot rates go? Well, the cost of chartering a 40-foot container from China to the US East Coast soared to nearly $5k this week, up 85% since June 1, according to Freightos data in Refinitiv Eikon....
Zero Hedge
Shipping Container Shortages In China Crimp Exports To West
Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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