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Chinese freight rates see decline, but processors could face sky-high demurrage fees

Chinese seafood exporters are feeling relief as freight rates to Europe and the US have started to drop, while importers could face millions of yuan of demurrage amid container backlog

By Cyrus Chan | March 17, 2021 15:28 GMT
Credit: Haobo Wang / Shutterstock
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Chinese seafood exporters are feeling relief as the cost of shipping from China to the US and Europe has fallen to $5,000-7,000 per container since last week, sources told Undercurrent News [...]

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