Rates in Europe rose 230% to a record high

Towards the end of the year, European market volumes remain high.The recurrence of the epidemic has also stimulated the growth of local import demand, and the strong demand for transport from Asia to Europe's Mediterranean route has led to higher and higher freight rates.On December 11, the freight rate for Exports from Shanghai to the European Base port market (sea freight and sea freight surcharges) was US $2,948 /TEU, up 24.2% from the previous period.Spot rates in Northern Europe have soared by 230% compared with the same period last year.There are reports that shippers are paying much higher actual freight rates to secure containers and the last remaining European space.

A British freight forwarder has confirmed that prices in Northern Asia have reached $10, 000 per 40-foot container.Meanwhile, all carriers will raise GRI again on December 15.

There is an extreme shortage of 40-foot cabinets and alternatives are recommended.It is also worth noting that some carriers have stopped accepting bookings to the UK due to anticipated delays and operational problems due to many restrictions on goods bound for the UK due to congested ports and limited overland capacity.