Container costs continue to increase

A few days ago, some freight forwarders and carriers said that the current freight rate is still setting new highs, and the freight rate on the Asia-Europe route has reached as high as 14,000 US dollars. In addition, the surge in freight demand from Asia to the east coast of South America will keep container freight rates at a record high at least until February next year.

The reality is that due to the impact of the new crown virus, demand has suddenly surged, and many ports have a large backlog of goods. Congestion at the port leads to a lot of waiting time and more ship delays.