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Tripling of China-Europe shipping costs threatens goods supply Shortage of empty containers stemming from pandemic is disrupting global trade
Tue, Jan 19, 2021, 12:01 George Steer and Valentina Romei
The cost of shipping a 40-foot container from Asia to northern Europe has increased from about $2,000 (€1,648) in November to more than $9,000. Photograph: Nick Bradshaw/The Irish Times
The cost of shipping goods from China to Europe has more than tripled in the past eight weeks, hitting record highs as a shortage of empty containers stemming from the pandemic disrupts global trade.
The cost of shipping a 40-foot container from Asia to northern Europe has increased from about $2,000 (€1,648) in November to more than $9,000, according to shippers and importers.