How has Covid affected the cost of shipping between the UK and China?

Over two years into the Covid-19 pandemic, the cost of shipping still remains many times higher than pre-pandemic rates. Although there is hope the situation will stabilise soon, ongoing lockdowns in Shanghai could continue to push costs up, writes Gary Wilcox, CEO at JAG UFS Surprisingly, when the Pandemic first hit the UK in March 2020, the shipping lines did not follow the immediate price increase that was seen in the airfreight charges. Airfreight rates quadrupled nearly overnight, whereas initially, there was no significant movement in rates on ocean freight until some nine months later at the end of 2020….