Transporting 40ft steel container of cargo by sea from Shanghai to Rotterdam now costs 547% higher

Transporting 40ft steel container of cargo by sea from Shanghai to Rotterdam now costs record $10,522, whopping 547% higher than seasonal avg over last 5yrs,acc to Drewry Shipping.W/ upwards of 80% of all goods trade transportd by sea,freight-cost surges mean accelerating inflatn

— Theresa Fallon (@TheresaAFallon) June 14, 2021

Cargo Shipper: Gridlock of the world’s major ports continues