Container freight spot rates shot up on the transpacific trades this week, with an immediate surge in demand following news of a new 90-day hiatus in the China-US trade war.
This week’s World Container Index (WCI) from Drewry, which records spot rates paid over the past week, showed prices on its Shanghai-Los Angeles leg increase 16% week on week, to end at $3,136 per 40ft, while the Shanghai-New York leg climbed even higher, with a 19% gain on the previous week.
Kazakhstan is well positioned to strengthen its role as a key transit hub between China and Europe amid global shifts in logistics
The PwC’s Quarterly Review describes the state of the Chinese economy during the most challenging phase of pandemic-related constraints. The research focuses on the state of the private sector of the economy, the country’s exports and imports, and employment.
