Geopolitical volatility keeps Year to Date container leasing rates elevated
Briefly

China to North America one-way container leasing rates rose in 2024 due to a widening price delta between China and the US, making China more expensive up until March.
China to Canada ports experienced significant rate surges in March: Yantian to Toronto by 68%, Qingdao to Vancouver by 64%, Ningbo to Toronto by 35%, and more.
China to US rates surged notably in Ningbo to Oakland route by 92% in a month, attributed to geopolitical disruptions like the Israel-Hamas war keeping rates elevated.
Container leasing rates from Shanghai to Los Angeles increased in Q1 2024 compared to 2023, influenced by geopolitical tensions affecting global trade.
Read at London Business News | Londonlovesbusiness.com
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