There is a shortage of containers in China’s ports – with considerable consequences for German trade. “The situation will lead to enormous economic damage for some importers,” says Guido Hogenkamp from the German import and export company in Bocholt (DIG). Among other things, the company imports garden furniture and kitchen appliances from the Far East. Like any scarce commodity, transport capacity from China to Europe now becomes more expensive. “Not everyone can afford a five-fold increase in freight rates,” says Hogenkamp.
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