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Container Shipping Prices Skyrocket as Rush to Move Goods Picks Up

Persistent supply-chain bottlenecks are driving up rates and the shipping sector sees 

no relief on the horizon before 2022

Prices to ship containers from Asia to the U.S. and Europe are rising at a historic pace 

as cargo owners bid up rates in a search for ocean transportation capacity that shipping 

industry executives expect to remain tight for the rest of the year.

The average price world-wide to ship a 40-foot container has more than quadrupled 

from a year ago, to USD 8,399 as of July 1, according to a global pricing index by 

London-based Drewry Shipping Consultants Ltd. The measure has surged 53.5 % since 

the first week of May.

Listed prices to ship from China to major ports in Europe and the U.S. West Coast are 

closer to USD 12,000 a container, by Drewry’s measure, and some companies say they 

are being charged USD 20,000 for last-minute agreements to get goods onto outbound 


Write to Paul Page at "paul.page@wsj.com"