Shipping delays, high costs persist in run-up to Lunar New Year

By Davide Ghilotti
Published: Monday, 25 January 2021

Severe logistical hurdles continue to affect the main seaborne shipping routes out of China, with prohibitively high container freight costs persisting and recent land transport issues adding to the congestion and delays at ports.

The continuing shortage of container and vessel space at Chinese main ports has not eased off so far in January, with market participants active in minerals and metals trading continuing to report high costs for shipping, and severe delays.

Sources in contact with Fastmarkets over the week ended Friday January...

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