Outbreak in shipping market triggered by the epidemic

Outbreak in shipping market triggered by the epidemic High global freight rates will continue
Maersk, the world’s leading container shipping company, has forecast that high freight rates are likely to continue into the third quarter of this year on the back of high demand and a combination of capacity shortages and peak season.
Freight rates for a standard case from China to the UK reached a high of $10,000 last year.A dozen years ago, prices were as low as $50.On April 30th, the international container freight index showed that the freight price of a standard container reached 5038 US dollars, while it was only 1200 US dollars five years ago. The market has changed quite a lot.
As the overseas epidemic has not been controlled, COVID-19 continues to be infected by employees in ports of the United States, Europe and other countries and regions, resulting in a shortage of labor force, reducing the efficiency of ports, warehouses, storage yards, inland transportation and other links, congestion at docks, and a significant decrease in the logistics efficiency of ships, card collection and warehousing.
Capacity is tight and high global freight rates are expected to continue.
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