Record container-shipping costs ---------------------------------------- The cost of sending a shipping container from China to Europe has surged 637% in a year, while the cost to the U.S. has more than tripled, according to the Drewry World Container Index ---------------------------------------- Shipping container spot rates (US$, 40-foot containers) Shanghai to Rotterdam Shanghai to Los Angeles ---------------------------------------- Mar 2020: Lockdowns to counter coronavirus pandemic disrupt factory production in Asia and global shipping Oct-Nov: Container demand soars ahead of approaching holiday season Aug 2020: 3,392 Aug 2021: China closes Ningbo-Zhoushan – 12 world’s third-busiest container port – due to Covid infection May 2021: Yantian terminal in Shenzhen closed after port workers test positive for Covid-19 15K 12 9 6 3 0 J F M A M J J A S O N D J F M A M J J A 2020 2021 2,300 1,871 8,800 4,200 11,362 13,787 ---------------------------------------- Sources: Bloomberg, Drewry World Container Index Picture: Associated Press © GRAPHIC NEWS