Container Shipping from China to Moscow Hits 3.5-Year High
The cost of delivering cargo from China has surged to its highest level since the beginning of 2023. The cost of shipping a container from China has reached its maximum in 3.5 years and is approaching the records of 2021-2023.
Consensus
- The cost of shipping a 40-foot container from Shanghai to Moscow reached a maximum level since early 2023.
- The container shipping cost increased significantly in August 2023 compared to previous months.
- The increase in freight rates affected all major transport routes, including ports on the Russian Far East and the Black Sea.
- The rise in costs is attributed to increased import volumes and higher freight rates across multiple transport modes.
- The Russian ruble's depreciation in August slowed the rate of increase in the shipping index.
Points of divergence
- The cost of container delivery from China reached $9,531 in July 2023, the highest since the start of 2023, with rates in the Black Sea region rising 23% from May to July due to intensified Ukrainian drone attacks. — tg_moscowtimes_ru
- On August 17, 2023, container shipping costs exceeded $9,000, marking a 77% year-on-year increase and a new peak since March 2023. — kommersant
Coverage (2 sources)
- Cost of cargo delivery from China has surged to the maximum since the beginning of 2023 — The Moscow Times
- Delivery of a container from China has increased to a record for 3.5 years — Коммерсантъ