China is selling so much to Russia, containers pile up

(Image: Bloomberg)

Fri, 29 Sep 2023

By Brendan MurrayRussia currently has 150,000 excess shipping containers that rail depots are struggling to manage, reflecting a surge in Chinese goods flowing into the country but much less moving out. This is according to an analysis published Thursday by Container xChange, a Hamburg, Germany-based trading platform. “There is significant cargo movement from China into Russia but very scarce movement back to China from Russia,” Christian Roeloffs, co-founder and chief executive of Container xChange, said in the report. Th...

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