Spot container rates skyrocket from Asia to Europe

What’s this about the huge rise in freight rates Shanghai to Europe and to the Mediterranean?

It’s a startling rise, but also note that the price Shanghai to the West Coast is much cheaper than Shanghai to the East Coast.

Since last week, rates from Shanghai to Northwest Europe and the Mediterranean increased by 328 percent and 298 percent, respectively.

Source: Spot container rates skyrocket from Asia to Europe | AS Daily Newsletter | AS Daily | American Shipper