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Container Freight Rates Set to Rise on More China Lockdowns

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China

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The number of containerships waiting off Qingdao, one of China’s biggest ports, is continuing to rise as the country doubles down on its COVID Zero policy, adding more delays to a strained global supply chain.

ChinaA CMA CGM containership (right) sits anchored at the Yantian International Container Terminals. (Qilai Shen/Bloomberg News)

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