Posted on July 9, 2024

Container leasing companies everywhere are buying international-standard containers produced in Vietnam, because of the global container shortage driving up sea freight rates.

Recently, container freight rates on many routes to the U.S. have increased by 250 percent compared to March, from US$2,950 to $7,350 per 40-foot container, severely affecting exporters around the world, according to analysts.

Experts suggest that the sharp rise in freight prices is because of a global shortage of empty containers affecting many regions, which raises concerns that the record-high sea freight rates for containerized goods seen in the 2021-22 period may recur.

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