China container shipping leasing rates go 2.5X in May, container prices rise by 88%

China’s container market is witnessing a 2.5x surge in container leasing rates since the beginning of May, and the average container prices, some report, have risen by 88% in the last two months (April-May). In this latest China market update, we try to deep dive into the possible reasons for this surge and identify trends that impact this highly volatile container shipping market in China currently, China – US rates and impact of US tariffs on China’s container shipping rates. Source: Container xChange

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