Shippers are being asked to pay in excess of $10,000 to ship a 40-foot container from Asia to Europe, according to Xeneta chief executive Patrik Berglund.
The worst-hit trade from China to the UK has seen rates “explode” due to port congestion and surging volumes.
Rates from Shanghai to the UK averaged around $9,200 per 40-foot equivalent unit (feu), up from $3,300 per feu at the end of November.
