Freight Cost Soars Due To the Containers Shortage

Recently, the logistics industry is experiencing an unusual hitch – a shortage of shipping containers.According to media reports, all major carriers are experiencing a shortage of containers at Asian ports, especially in China.

With the recovery of China economy, there is a fast increase in demand after months of blank sailings. However, due to a trade imbalance from Europe &the US to Asia and lockdown in these countries because of pandemic, many empty containers are stranded in the European &U.S ports. It drives up shipment cost that the great demand of exportation and extremely containers shortage.

It’s expected the shortages situation in Asia will not dissipate soon and is going to get worse until after Chinese New Year holiday.