Container shipping rates between China and Southeast Asia have slumped 30% in the last five months, as trade between the two markets slows, highlighting weakening global demand.
The spot rate to ship a 20-foot container from Shanghai to Singapore has dropped to $140 Friday, down 2.1% from the previous week, according to data from the Shanghai Shipping Exchange. The rate has dropped nearly 30% from its March level.
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August 16, 2023 at 06:38AM
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Container shipping rates fall on weaker China-ASEAN trade - Nikkei Asia
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