date:May 26, 2021
Due to the combined effects of strong shipping demand, port delays, and shortage of containers, the spot price of containers continued to rise and reached new highs. Part of the reasons for this price increase is the shortage of ships, as most of the capacity has been used on the popular trans-Pacific and Asia-Europe trade routes. In fact, in recent months, many ships have been moved from less popular trade routes to the Asian market. Shipping companies have transferred as much capacity as possi