News Snapshot:
Starting from the end of 2020 and into 2021 container shortages and congestion at ports, along with other disruptions, resulted in record container freight rates, notably on the routes from China to Europe and the US. These are reflected in the Shanghai Containerized Freight Index which covers cargo departing from Shanghai, China. It is reported that in June 2020, the spot rate on the Shanghai-Europe route was less than $1,000 per TEU ( twenty-foot equivalent unit) But by the end of 2020 it has reached around $4,000 per TEU and remained firm throughout the first quarter of 2021. How did...
