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China-US shipping rates begin to cool as power crisis forces production cuts, but freight costs still elevated

Summary:
[unable to retrieve full-text content]The cost of shipping between China and the United States has fallen after months of steep increases, as orders for year-end holidays slow and a power crunch in the world’s second biggest economy disrupts production of goods, new data shows.Though prices are still far higher than this time last year, costs for shipping containers have fallen by more than 51 per cent on some routes between September and October, according to freight forwarding platform Shifl.The spot rate for shipping a 40-foot…

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[unable to retrieve full-text content]
The cost of shipping between China and the United States has fallen after months of steep increases, as orders for year-end holidays slow and a power crunch in the world’s second biggest economy disrupts production of goods, new data shows.Though prices are still far higher than this time last year, costs for shipping containers have fallen by more than 51 per cent on some routes between September and October, according to freight forwarding platform Shifl.The spot rate for shipping a 40-foot…
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