The shortage of empty containers in China has been alleviated

"In May, the shortage of empty containers in China's major ports has dropped to 1.3%, which has been effectively alleviated."Mr.Zhao Chongjiu, Vice Minister of the Ministry of transport, said on Jun 24th in response to the recent phenomenon in the international container liner market that "one cabin is hard to obtain, one container is hard to obtain, and the freight rate continues to rise".

At the press conference of the State Council Information Office on the same day, Mr.Zhao Chongjiu analyzed that the rise of freight rate was determined by the contradiction between supply and demand. With the stable recovery of the national economy, the demand of containers in foreign trade transportation is growing rapidly. Affected by the epidemic, the operation efficiency of overseas ports is reduced, and a large number of empty containers are difficult to be transported back. In addition, affected by the Suez canal traffic jam and other factors, the main route capacity continues to be tight, and the rising freight rate has become a global common phenomenon“ With the improvement of epidemic prevention and control situation and the resumption of work and production in various countries, the water transport market will gradually return to normal. " He said.