2021 closed with an increase of the freight rates

Photo by Kurt Cotoaga on Unsplash
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Drewry published its 2021 assessment on the freight rates cost of container shipping fares. According to the estimate, the World Container Index showed that shipping fees rose sharply.

Specifically, on December 23, 2021, the index indicates that the shipping of a 13-metre container costs $9,304.05, representing an increase of 119% compared to a year ago.

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The average for the entirety of 2021 was $7,555 per container. This cost shows an increase of $4,756 per container, compared to the $2,799 average of the last five years.

The overall increase in the shipping costs varies per route. In more detail, the Shanghai – Rotterdam, Shanghai – New York and Shanghai – Genoa lines are the most expensive lines. By contrast, the New York – Rotterdam, Los Angeles – Shanghai and Rotterdam – Shanghai lines are the lowest cost lines.

In conclusion, it is worth noting that these increases have led to price increases on many products, raw materials and goods.