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The cost of shipping a container from China to Northern Europe has quadrupled since November

Wednesday, January 20, 2021
The cost of shipping a container from China to Northern Europe has quadrupled since November

The cost of shipping a container from China to Northern Europe has quadrupled since November, hitting $9,000 and higher today, reports Interfax-Ukraine. While shipping costs are expected to recede, today’s price spike could have two long term benefits for Ukraine. For one, it will stimulate EU manufacturers to shorten their supply lines and place manufacturing in Ukraine. Second, it will push Chinese shippers to send more containers by rail through Ukraine, routes that Ukrzaliznytsia promotes.

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In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440.

In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440.

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