Viet Nam News (31 December 2020; also carried by DTiNews) reported that a shortage of empty containers was driving freight rates to unprecedented levels.
Key points:
- Officials of the Ministry of Industry and Trade’s import–export agency said shipping a container to the EU cost around US$10,000, against a usual US$1,500–1,800.
- Empty containers were stuck in Europe and the US because of the pandemic, while Vietnamese exports kept growing.
- Fruit and vegetable exporters reported costs to the US almost tripling.
- Proposed measures: depots repairing empty containers faster, carriers sharing accurate equipment information, and shippers releasing containers quickly.
Summary written by C.A.S Logistics; copyright in the original article belongs to its author and publication. Read the original on Viet Nam News (31 December 2020).
