Container xChange: Container leasing rates on China-US route rise threefold due to Red Sea crisis
Container leasing rates on the China-US trade route have risen by 223% compared to levels prior to the Red Sea
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Container leasing rates on the China-US trade route have risen by 223% compared to levels prior to the Red Sea
Consumer confidence has plummeted, Beijing is focused on security and stability, and global companies and investors are bracing for smaller gains.
Gone are the days when the property and stock markets yielded guaranteed gains in China, leading to middle-class investors becoming more risk-averse with their hard-earned savings and familial wealth.
The crisis in the Red Sea will require companies to start planning for peak season in the next few months. The post Red Sea crisis and peak season — do you have a container plan? appeared first on FreightWaves.
Completed in 2023 in Ningbo, China. Images by 吴清山. The project site is located in Hengxi Town, Yinzhou District, Ningbo. To the west and south of the site are thousands of acres of rice fields...