Container marine market: ports on the verge of collapse

Global container marine market saw continuously surging freight in 2021. According to related data, the freight rate of one standard container exceeded US$20,000 from China/Southeast Asia to the East Coast of North America, which was $16,000 on Aug 2. The cost of one 40ft container from Asia to Europe was near $20,000, which was 10 times of that one year ago. Peak-season demand for the Christmas and the congestion of ports were major reasons for recording high sea freight. In addition, some shipping companies took insurance fee to ensure the delivery within several weeks and importers were bidding up price to scratch containers, which also affected price.





Post time: Sep-15-2021