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Home Steel News Container shipping market still facing shortage of containers
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Container shipping market still facing shortage of containers

12 Apr 2021 13:56 reported by Joy Liu

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The shortage of containers in the container shipping market has recently become worse due to several reasons. One of the main reasons was the serious blockage of the ports on the West Coast of the US, the previous Suez Canal congestion, and the inventory replenishment of the retail industry.

In addition to freight, an additional US$3,000-5,000 fee is needed for goods to the US so as to ensure that there is a space of the container.

Moreover, due to aircraft maintenance and quarantine for the COVID-19 epidemic, an insufficient capacity occurred in air cargoes, especially the freight rate of the western US route hit a record high.

According to experts, it will be possible that manpower and transport capacity can turn to normal operation until people are fully vaccinated.

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Metal Price Index

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LME Official Bid Price

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