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Container shipping prices seen at record highs

  • Admin
  • Jul 7, 2021
  • 1 min read

Updated: Jul 24, 2021

After the outbreak of the Coronavirus pandemic that disrupted maritime logistics chains and drove surging demand, container shipping prices have reached record highs. There’s a massive shortage of empty containers, they are in the wrong place, are stuck in ports and not in Asia ready to be loaded, reports said. The Freightos Baltic Index, a benchmark for major shipping routes, has more than tripled in a year to nearly $7,000 for a trip from China to the West Coast of the United States. A trip to Europe has exceeded $10,000, compared with just $1,600 at the same time last year, the reports added.













source:eximin.net


 
 
 

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