Ocean Shipping Cost Stays High

November 30, 2020

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Ocean Shipping Cost Stays High

Shanghai - Long Beach, CA spot container rate jumps 100% in the past 4 months. Overall global container volumes were 15.21m teu in October 2020, up 3.75% on 14.66m teu in the previous month, and 3.78% growth compared to 14.54m teu in October 2019. In China and the US the number of days empty containers spend in depots is considerably higher at 61 to 66 days. North America container imports surge 20% in October.

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