News Snapshot:
Shipping container prices have declined for the first time this year after skyrocketing to historic highs as China’s Christmas exporting season slows, creating a temporary respite for exporters. The average sale price of a 40-foot container in China has plunged by 22.5 per cent since the end of September, to US$6,598 this week, according to Container xChange, an online platform for the leasing and trading of shipping containers. For container leasing, Container xChange’s data shows that the average one-way leasing pickup charges for the China-US stretch plunged by 35 per cent during the seven-day “golden week” holiday in China at...
