ShippingWatch

Shippers should expect high container rates all the way into 2024

Bjørn Vang Jensen is quite busy in his new position as consultant with Sea-Intelligence. His current advice to customers is to expect high prices on container freight all the way into 2024. Find out why in this interview with ShippingWatch.

Photo: Tomas Kristiansen

Two years ago, it cost approximately USD 1,700 to ship a container from Asia to the US west coast or to northern Europe. Today, the long-term contract price is close to USD 6,000, and this level won't be getting lower for many months, likely years, to come. At least not according to someone who knows a lot about the container industry and the rates customers have to pay - and carriers can charge.

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