Enda Curran and Brendan Murray

Government, Business, Logistics

Surging Shipping Rates Pose New Headwind for Global Economy

Shipping containers sit next to gantry cranes at the Yangshan Deepwater Port in Shanghai, China, on Jan. 11. Shipping containers sit next to gantry cranes at the Yangshan Deepwater Port in Shanghai, China, on Jan. 11. (Qilai Shen/Bloomberg News)

Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020.

January 14, 2021