Yqnlink Zhou News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Container shortage weighs on China shippers
Products targeted for exports piling up on wharves as raw material costs increase rapidly due to contagion constraints
Surging overseas orders for Chinese goods are creating rising pressure on ports and shipping companies, and related parties are working together to break the deadlock.
PowerRide, a British customer of Easy-try Cycles (Tianjin) Co Ltd, is facing fast-rising freight rates from China.
“Shipping costs of a 40-foot-container from Tianjin to the United Kingdom soared from $3,000 to $14,000 during the few weeks before Chinese New Year, and the company ended up paying $10,000 per unit for shipping the bikes they purchased,” said Li Qing, president of Easy-try Cycles. ....

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