Are shipping costs rising?

Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surge in prices across different freight rates (dry bulk, containers) along major trade routes. Prices for several trade lanes have tripled compared to last year, and charter prices for container vessels have seen similar rises.

What is the shping price prediction?

Based on our Shping price prediction, the price of Shping will decrease by -2.98% and reach $ 0.009397 by September 1, 2022. What is the current Shping sentiment? The current Shping sentiment is neutral according to our technical analysis. How to predict cryptocurrency prices?

How much does international shipping cost?

International shipping rates are at all-time highs. Along the China-EU shipping lane, TIME reports: “Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over the last five years.”

How will the supply chain crisis affect freight costs in 2022?

Now two years into the supply chain crisis, rates have dropped significantly – although on some lanes prices are still much higher than they were pre-pandemic. For a bird’s eye view of freight costs increases in 2022 and since the beginning of serious supply chain disruptions, check out the chart below based on FBX data.