NEWS

With the shortage of empty containers and high increasing exported volume,the FCL rates from China to Europe are exploding since from November

This peak season usually dies down by the middle of October, following factories closing in China for its Golden Week holiday period. However, with recovery in consumer demand, increases in manufacturing, and North America and Europe ramping back up at the same time, the congestion and high rates have persisted into November. Supply chain news outlet, The Loadstar, reported that Asia-North Europe carriers were charging up to $5,000 per 40ft container (FEU), while ports around the world are still reporting congestion and the Shanghai Containerised Freight Index is at an all-time high.Sources in North America report that delays and challenges securing container space have been particularly challenging between the US west coast and Asia, including with China, India and Southeast Asia. Logistics managers have reported spot container rates that have more than doubled since July. In November, delays were also reported for east coast ports with Europe.

No end in sight

We suppose the rates would keep increase constantly. There doesn’t seem to be a clear end in sight, either, with some predicting it might last into the first quarter of 2021, as demand to the US remains exceptionally strong. There is usually another peak season in freight ahead of China’s Spring Festival in February, which this year might even be extended further.

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