Container freight rates soared by 300%

Due to the spread of the global epidemic, the entire cross-border market is ups and downs, especially the logistics efficiency is the most inefficient. Also, shipping companies have increased prices unanimously, the global supply chain is unbalanced, and the actual capacity is still very tight. These conditions add up to full container space, price increase, shortage of containers, and suspension of shipping.

 

 

Since June, the freight rates of many routes such as the US route, Africa route, Mediterranean route, and Nordic route have continued to soar. According to the latest data, the US West and US East have increased by 161.6%