RISE IN FREIGHT RATES

 

From Aug 2020 freights started to rise in the aftermath of Covid-19. 

The rates were expected to lower in March and they reduced marginally but again in April they have surged and scaled new heights.

Freights from Vietnam/Indonesia to EU main ports: USD 4,000 /20ft and USD 8,000/ 40ft.

Freights from Vietnam/Indonesia to US main ports: USD 6,000 /20ft and USD 11,000/ 40ft.

Freights to EU have risen from USD 80 per Mt to USD 300 per Mt.

Freights to US have risen from USD 150 per Mt to USD 400 per Mt