Exporters boxed in by container crunch as rates rise to $7,000-10,000 in fortnight

A severe container shortage – triggered by massive congestions at Chinese ports that are either closed or operating at much lower capacity due to Covid-19 restrictions, along with a huge demand for containers in the US and Europe – has been pushing container rates, which shot up to record levels in the past 10-15 days, industry executives told ET.

via Economictimes