$10,000 per container Amid diversions from the Re
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Posted On: 12/22/2023 5:58:07 AM
$10,000 per container
Amid diversions from the Red Sea because of Houthi attacks, the rate of shipping a 40-foot container from Shanghai to the U.K. hit $10,000. By contrast, it cost only $2,400 to ship the same container last week. Truck rates in the Middle East have also more than doubled. As of Thursday morning U.S. time, there were 158 vessels carrying over 2.1 million cargo containers re-routing away from the Red Sea.
Amid diversions from the Red Sea because of Houthi attacks, the rate of shipping a 40-foot container from Shanghai to the U.K. hit $10,000. By contrast, it cost only $2,400 to ship the same container last week. Truck rates in the Middle East have also more than doubled. As of Thursday morning U.S. time, there were 158 vessels carrying over 2.1 million cargo containers re-routing away from the Red Sea.
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