Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic. East China’s Yiwu, also known as China’s commodity-exporting hub, bore the brunt when container shortages first hit China starting September 2020. And prices soon rose. The world’s largest straw manufacturer Soton Daily …
The post Shipping containers stranded in America and Europe frustrate Chinese exporters first appeared on Hellenic Shipping News Worldwide.