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China’s shipping-container costs hit all-time highs, and shortage will further push up prices in coming months

Summary:
[unable to retrieve full-text content]Prices of shipping containers are on course to keep rising for the rest of the year amid strong global trade demand, according to analysts.As of last week, the Drewry World Container Index, which provides weekly assessments of container freight rates, surged for the 19th consecutive week to US,817.72 per 40-foot container – a 351 per cent increase versus the same week in 2020.And the rising costs will be further exacerbated in the coming weeks by the recent temporary closure of a key terminal…

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[unable to retrieve full-text content]
Prices of shipping containers are on course to keep rising for the rest of the year amid strong global trade demand, according to analysts.As of last week, the Drewry World Container Index, which provides weekly assessments of container freight rates, surged for the 19th consecutive week to US$9,817.72 per 40-foot container – a 351 per cent increase versus the same week in 2020.And the rising costs will be further exacerbated in the coming weeks by the recent temporary closure of a key terminal…
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