What drives runaway shipping price of cargo ship containers?

The port-to-door sea freight rate from China to Rotterdam was more than 2,000 euro in the third quarter of 2020. And now it is more than 9,000 Euros. A lot of Chinese export enterprises have been saying there will be peak season the whole of 2021 for international logistics. But is this peak season too crazy?

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The Shipping Container Shortage Is Causing An Increasing Sea Freight

The increasing sea freight will continue for more than 3 months because of the container shortage, and the global average shipping fee will rise to 4,089 USD/FEU. The chain reaction caused by the global epidemic continues to affect the global shipping market. The shortage of containers coupled with the rebound in demand for goods has brought sea freight rates to unprecedented levels.

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