The global container freight index soars to close to 0.01 million dollars, and importers' dissatisfaction intensifies

July 16, 2024 at 10:49 AM GMT+9 (some excerpts)

Fares for transporting standard 40-foot containers carrying luggage such as toys and automobile parts by sea from Shanghai to New York have soared to close to 10,000 dollars. There is growing dissatisfaction among importers, and voices are also heard that “the market is in a bubble.”
The spot rate of the Drury World Container Freight Index, which shows fares for this route, was 9387 dollars as of 7/11, more than double what it was as of February this year. However, it is at a lower level than the peak of 16,000 dollars set at the beginning of the novel coronavirus global pandemic (pandemic).