While shipping costs for a container shipped from ports in Shenzhen, Guangdong province, to ports on the west coast of the United States have dropped from the peak of $15,000 in the second half of 2021 to around $8,000 this month, it still costs a high $1,800 to ship such a box from Ningbo-Zhoushan Port in Zhejiang province to Port of Ho Chi Minh City in Vietnam.
The corresponding figure for shipping to Haiphong Port in Vietnam is even higher, said Ye Jian, vice-president of Ningbo Port Southeast Logistics Group Co Ltd in Zhejiang province.
The forwarder said that starting from the second half of March, shipment volume boomed on the routes connecting Ningbo-Zhoushan Port to ports in Southeast Asia, especially Vietnam. This caused freight rates to rebound gradually.