date:May 26, 2021
ble to facilitate the booming Asia-Europe and trans-Pacific trade. Nevertheless, there is no sign for the freight rate of the Asia and Northern Europe route to go down.
On May 17, Platts Container Rate 1 showed that the container freight rate of the North Asia and North Europe route soared to USD 12,000/FEU, an increase of USD 1,500/FEU from the previous week and almost tenfold of the USD 1,300/FEU estimated for this route one year ago.
The latest increase in freight rates came at a time when