Containers “worth the gold”

With the so-called bottle neck effects topical, transportation becoming more expensive and the demand for many Asian goods growing rapidly, the world has experienced significant problems with the supply of several raw materials and components.

In fact, it can even be said that the pandemic has manifested itself in a more or less traditional picture in terms of global supplies. As a result, now the price paid to move a 12-meter container from East Asia (mainly China) to Europe (Rotterdam) has exceeded the round 10 thousand for the first time in history. The US dollar mark, according to the Drewry World Container Index. During the year, this price has fallen by almost 500%.

In turn, the value of the total container delivery index (summarizing the cost of moving a 12-meter container on eight of the world’s most important routes) has increased by almost 300% over the year to $ 6,257, according to available data.

In essence, this significant increase in prices is due to the shortage of containers needed to move and trade goods. As the flow of goods resumed, there was a shortage of containers in the world’s production centers – in the same China from which everyone has come today. With the current competition for almost every free container, the cost of moving containers from Asia to Northern Europe has multiplied. The high demand for goods and raw materials is determined, for example, by the desire of companies to replenish their stocks. If they do not have these stocks, for example, they may not be really ready for the post-pandemic economic boom.

In fact, in the world, containers for transporting goods are not where they are needed and this problem cannot be solved as quickly as we would like. The pandemic has also meant that restrictions have reduced global capacity to move and distribute goods. As a result, higher masks are often required for the transport and proper maintenance of these goods, which someone must always bear.