Shipping in China Comes To A Standstill! Cancellations On The Rise

Capt. John
  • 30 sailings remain canceled, with 23 across the Pacific and the rest to Europe.
  • The cancelations have resulted in a delay or reduction in shipments to the U.S.
  • More than 350,000 containers have been removed from global trade since the virus outbreak.
  • There is a shortage of power plugs for refrigerated containers due to a shortage of staff at Chinese ports.
  • Daily freight rates have fallen to between $10,000 and $40,000, from up to $80,000.

According to an article published in The Wall Street...

http://mfame.guru/shipping-in-china-comes-to-a-standstill-cancellations-on-the-rise/

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