Shipping delays, high costs persist in run-up to Lunar New Year
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
Sources in contact with Fastmarkets over the week ended