According to the China Containerised Freight Index, the month running up to the Chinese New Year last Sunday saw a rise of 11.95%, bringing the Index to a high of 1124.91 points.<\/p>\n
Certainly the upturn in international seaborne has been fuelled by a rise in Euro-US services \u2013 the east and west coast of America routes gaining 14.78% and 16.17% in that period, while the European services leapt 19.81%.<\/p>\n
Outgoing vessels heading for Europe and America have been over-booked since last December, according to Michelle Wang, a local manager at UniLogistics, a privately owned Chinese freight forwarding company. She also said the shipping price for container vessels has risen, on average, three times a week since January, with an industry source adding that the outbound container price has doubled in a month since the end of December.<\/p>\n
Another factor that has contributed to the shortage of capacity was the reduction in container services last year in response to the global economic downturn.<\/p>\n
The rise marks a continuing turnaround for the area. Figures from Shanghai International Port Group (SIPG), operator of Shanghai\u2019s public terminals, showed that December\u2019s throughput for both the containers and other freight saw year-on-year growth for the first time after an 11-month consecutive decline.<\/p>\n","protected":false},"excerpt":{"rendered":"
A flurry of export orders strained capacity at Shanghai port, reported the China Daily, who also noted the shipping prices spiked dramatically.<\/p>\n","protected":false},"author":8,"featured_media":1633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"sponsor":[],"class_list":["post-1632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=1632"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1632\/revisions"}],"predecessor-version":[{"id":1634,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1632\/revisions\/1634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media\/1633"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=1632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=1632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=1632"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=1632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}