The cost of shipping between China and the U.S. took a sharp decline only weeks after hitting record highs in early September ahead of the off-season. Prior to the pandemic, shipping costs between China and the U.S. were roughly around $1,500. The cost of shipping containers soared to record highs last month, topping out at around $20,000. This month, however, the prices have decreased to average around $15,000 per shipping container. The plunge in shipping rates, according to shipping analysts, is due mainly in part to China’s off-season quickly approaching. An article published by Nikkei Asia outlines the reasons behind the drastic change in shipping costs
To read the article, Click Here.
