Asia-Europe spot rates head for $20k as new China Covid problem unfolds

Asia-Europe spot rates head for $20k as new China Covid problem unfolds Published on: 14th June 2021 The new problem has prompted suggestions that the current shipping delays could persist for up to another 12 months. According to a report in The Loadstar, shipping companies will be introducing further rate increases this week, with FAK rates from Asia to North Europe edging towards $20,000 per 40ft. This would represent an astonishing 1,000% increase on the spot rate for the trade a year ago. In addition, transpacific routes will also be affected, with some Asia to US carriers now asking $17,000…