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The shortage of containers by sea will last for another 3 months
Jan 17,2021

shipping
Containers are in such short supply that export rates have risen as much as sixfold
At the end of 2020, freight rates on the busiest routes from China to the west and east coasts of the US were 208 per cent and 110 per cent higher, respectively, than in 2019, according to the Baltic Exchange. There has also been an unexpected surge in container freight rates from Asia to Europe, with rates from China to northern Europe up more than 60 per cent in December alone, and rates to Rotterdam up almost sixfold for the year.
In terms of the shortage of containers, according to the China Shipping Business Survey, more than 90% of container companies said that the shortage of containers will last for more than 3 months. Therefore, the short - term container box problem still exists.
In addition, eight major trans-Pacific eastbound container shipping lines, including CMA CGM, COSCO, Evergreen, Hapag Lloyd, HMM, Ocean Network Express (ONE), Yang Ming and Zim, updated their reported rates at the FMC to increase GRI rates by around $1,000 effective February 1, 2021.