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December 9, 2020

China-Europe container rates continue to skyrocket; wood industry feeling price pressure

China-Europe container rates continue to skyrocket; wood industry feeling price pressure
The China-Europe container crisis has escalated over the past week, with container prices reaching new highs, while the container availability in China remains at record lows. China's exports recovered progressively from the COVID-19 pandemic, and after a pause caused by lockdown measures in Europe, demand has increased, but delivering goods overseas has become difficult due to increasing shipping costs.    The container freight index by Shanghai Shipping Exchange has climbed to 2048.27 last Friday, more than double as compared to April (855.34). However, in practice container rates are considerably higher and changing ...

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