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Home » Tag Archives: Port congestion

Tag Archives: Port congestion

Shortage: It Pays More To Ship Empty Containers Back To Asia These Days

Container yard at port

BLOOMBERG, NOVEMBER 24, 2020 China-U.S. rates outpace global benchmark by $1,200/container | Shippers roll over 44% of cargo at Zhoushan as demand spikes By Ann Koh for Bloomberg – Shipping carriers seeking to capitalize on the most lucrative trade routes are returning empty cargo containers to Asia, contributing to freight rates that have soared to record highs. Because the carriers aren’t …

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