The cost of shipping goods from China to Europe has more than tripled in the past eight weeks, hitting record highs as a shortage of empty containers stemming from the pandemic disrupts global trade.
The cost of shipping a 40ft container from Asia to northern Europe has increased from about $2,000 in November to more than $9,000, according to shippers and importers.
Lars Jensen at consultancy SeaIntelligence said: “It’s a bottleneck problem . . . These rates are being driven by customers fighting over a limited resource — containers.”
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