Industry News

Global container ship freight rates hit record high after Suez Canal ship jam

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Update time : 2021-04-30 16:40:27
At present, the chaos of maritime transportation is intensifying. In March, a giant container ship, EVER GIVEN, ran aground on the Suez Canal in Egypt, causing the canal to be blocked for a week, and its impact spread all over the world.

Unloading at ports in Europe, the US, and Asia has also stalled. Freight rates for containers have increased by 10% from the end of March and set a record high.

The freight from Shanghai to the east and west coasts of the US increased by 10% compared with the price after the stranding accident, setting the highest price since 2009.

Besides, shipping costs to Europe also increased by 10%. In Rotterdam, the largest port in Europe, about 100 ships are waiting to enter the port. At the same time, the volume of container shipments from Asia to the US hit a record high in March.

Under the background that American ports were unable to handle the surge of cargo due to labor shortages, there was another stranding accident. More than 400 ships that were blocked in the Suez Canal sailed to ports all over the world, adding to the congestion of ports for other countries.
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