The prediction of rates for container shipping from China
In November 2020, the container crisis began caused by significant increase of demand for Chinese goods, as well as an accumulation of empty containers in the United States, Europe and Australia, that led to a rapid sea freight rates increase and delivery delays around the world. Freight rates from China to Ukraine increased for 20-foot containers by 323%, reaching $ 6 thousand, and for 40-foot containers – by 340%, reaching $ 10 thousand, compared to the same period last year. Many importers were forced to suspend their deliveries, since the lack of transport led to an increase in the cost of goods and they became unable to compete on the domestic market. Currently the container shipping market is slowly returning to life. Over the past 2 months, sea freight rates have decreased by 20-25%:- For 20-foot containers – 3500-4000 $
- For 40-foot containers -7000-7500 $
